kellyfirehorse.bsky.social
31 posts
186 followers
45 following
Prolific Poster
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This all day 👆🏼 @samseder.bsky.social
#SaveSocialSecurity
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Because privatization is based on our form of consumer (monopoly)capitalism, which isn't driven by efficiency but by profit.
Socializing necessary programs is the balance to keep capitalism in check, but it's been villainized by private entities seeking higher profits.
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Bush wanted to privatize social security, just in time for everyone to get wiped out by his 2008 subprime housing depression. People to this day have never recovered from it.
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Remember when 401k plans replaced Defined Benefits? Everybody was sold on being able to manage their retirement benefit by investing themselves rather than getting a formula based one
Who's better off, the person getting a pension check or the person watching the value of their investments crater?
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Oh yeah. That whole privatize social security pitch is such an evil lie. They're selling it like they're giving you control of your retirement money. BS! They want to give it to Wall Street
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I’m 70 years old and retired. My husband and I have lost $70,000+ from our IRA since Trump was elected. We saved for years for this money. It was supposed to last us until we die. How can anyone be ok with what he’s doing??? I did not vote for him and right now hate everyone who did
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There's always a chance the market is heading in the wrong direction when you retire.
Investing should be a way to get ahead, not survive.