this post was submitted on 08 May 2026
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Sen. Ted Cruz (R-Texas) said Trump Accounts for children born from 2025-28 could open the door to Americans paying their payroll taxes into personal accounts invested in the stock market instead of to the federal government, which has borrowed from the Social Security trust fund for years. Cruz suggested at a panel discussion at the Milken Institute’s Global Conference in Los Angeles earlier this week that Trump Accounts could pave the way to transforming Social Security, which faces a $230 billion cash shortfall in 2026. “Here’s the dirty little secret: Trump Accounts are Social Security personal accounts,” Cruz said, arguing that the establishment of Trump Accounts represents an important conservative victory in taking a step toward privatization of Social Security, something that former President George W. Bush attempted but failed to do during his second term. “How did we get it done? You remember George W. Bush tried this in his second term and, sadly, Congress ran for the hills in a display of extraordinary cowardice. How did we get it done this time? It’s because we gave the money to babies so the old people didn’t get p‑‑‑ed,” Cruz said. “But babies grow up,” he pointed out. “That little girl who is born this year, she’s going to be 70, and the math is if you contribute regularly to it, by the time she’s 18, she’ll have $170,000 in that account. By the time she’s 35, she’ll have $700,000 in that account,” Cruz added. “This will become Social Security personal accounts,” he predicted.

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[–] Watermark710@piefed.social 2 points 3 days ago (1 children)

If there’s one thing the majority of Americans agree on it’s that corporations are ruining lives

I'm not a Trumper, but I live in deep Red MAGA country. People celebrated when Amazon opened a warehouse here, praising them for bringing jobs to the area. They see Amazon as improving their lives, since they can get a bigger paycheck now and can afford to live. When you're working at McDonald's for $8.25/hr, and Amazon shows up offering $21/hr, that is a huge improvement. Telling these folks that Amazon is ruining their lives will get you laughed out of town.

The MAGA folks don't live in the same world you do. As soon as you accept that, you will understand them better.

[–] Lasherz12@lemmy.world 1 points 2 days ago

I think the point is that even MAGA people have a basal anger in people who take a slice of their pie. Media and corporations are very good at preparing the runway for big projects and so the talking points are all figured out before they lay the first brick. In Luigi's case it was sudden and it broke the cycle and allowed an insight into how their brain really worked in lieu of a narrative. The issue is that the unified message of their news sources is playing up the Illusory truth effect.