this post was submitted on 08 May 2026
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politics

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In the not-too-distant future, Cruz envisioned, “we’re going to be able to go to parents and say, ‘Hey, you know that Trump Account your kid has? ... Wouldn’t you like to be able to keep a portion of your tax payments that you’re paying already and, instead of sending it to Uncle Sam, wouldn’t you like to have a Trump Account just like your kid does?’'’

“My prediction is, within five years, that is going to have a really compelling constituency,” the Texas Republican added.___

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[–] EvacuateSoul@lemmy.world 2 points 4 months ago (1 children)

Thanks for that, very interesting.

What is baffling to me is they apparently were pitching it as a way of making social security solvent. If people can divert their SS tax dollars to private accounts, it makes the shortfall even worse. But sometimes that is their objective, I know.

[–] teyrnon@sh.itjust.works 2 points 4 months ago

The rich have been obsessed with killing the new deal from the start. Social Security is their prime target, they've been trying to kill it for 5 decades now.

Everything they say is opposite land as with everything else. They borrowed tens of trillions of dollars to subsidize business multiple times, but are trying not to borrow the surplus social security payments they took and spent elsewhere our retirees entire lives.

They borrowed that money, with the promise of paying it back when it was needed, and are now trying to default on America.