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Showing Original Post only (View all)Watchdogs say world's richest man Elon Musk has 'declared war on Social Security' [View all]
https://www.rawstory.com/musk-social-security/A lengthy series of X posts attacking Social Security as a "nightmare" caught the attention of the platform's mega-billionaire owner, Elon Musk, who could soon take aim at the beloved New Deal program as co-chair of an advisory commission tasked with identifying federal spending to slash.
"Interesting thread," Musk, the world's richest man, wrote late Monday in response to the posts by Sen. Mike Lee (R-Utah), who once said he hopes to pull Social Security "up by the roots and get rid of it," along with Medicare and Medicaid.
In his new thread, Lee characterized Social Securitywhich lifts more Americans above the poverty line than any other federal programas a "tax plan" insidiously disguised as a retirement plan and condemned the Social Security Act of 1935 as one of many "deceptive sales techniques the U.S. government has used on the American people."
Max Richtman, president and CEO of the National Committee to Preserve Social Security and Medicare (NCPSSM), replied Tuesday that Lee's posts amount to "a misrepresentation of Social Security's history and how the program works."
"There is nothing deceptive about Social Security. The social insurance program has been working just fine for nearly 90 years and has never missed a payment," said Richtman. "The kind of propaganda Sen. Lee posted undermines public support for Social Security, making it easier to cut or privatize the program. It is perhaps no coincidence that Sen. Lee's second-biggest campaign contributor by industry is the securities and investment sector."
Lee also claimed the federal government "routinely raids" the Social Security Trust Funda longstanding and misleading right-wing talking point.
"Interesting thread," Musk, the world's richest man, wrote late Monday in response to the posts by Sen. Mike Lee (R-Utah), who once said he hopes to pull Social Security "up by the roots and get rid of it," along with Medicare and Medicaid.
In his new thread, Lee characterized Social Securitywhich lifts more Americans above the poverty line than any other federal programas a "tax plan" insidiously disguised as a retirement plan and condemned the Social Security Act of 1935 as one of many "deceptive sales techniques the U.S. government has used on the American people."
Max Richtman, president and CEO of the National Committee to Preserve Social Security and Medicare (NCPSSM), replied Tuesday that Lee's posts amount to "a misrepresentation of Social Security's history and how the program works."
"There is nothing deceptive about Social Security. The social insurance program has been working just fine for nearly 90 years and has never missed a payment," said Richtman. "The kind of propaganda Sen. Lee posted undermines public support for Social Security, making it easier to cut or privatize the program. It is perhaps no coincidence that Sen. Lee's second-biggest campaign contributor by industry is the securities and investment sector."
Lee also claimed the federal government "routinely raids" the Social Security Trust Funda longstanding and misleading right-wing talking point.
They're not going to be happy until we all are poor.
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Watchdogs say world's richest man Elon Musk has 'declared war on Social Security' [View all]
geardaddy
Dec 5
OP
I have always maintained that most rich people need substance abuse therapy.
travelingthrulife
Dec 6
#45
Eff this bastard! For many, that SS check (for which they worked all their lives) allows them to eat and have a
LoisB
Dec 5
#7
Those scumbags can't think in terms of their own parents, grandparents or what they would do if they hadn't
LoisB
Dec 5
#38
They fail to realize the fundamental reason Social Security was instituted . . .
Journeyman
Dec 5
#10
Rich fuckers hate that they have to pay into their employees Social Security
Wild blueberry
Dec 5
#40
Yup. The employers want the payroll tax gone so they can keep more money.
travelingthrulife
Dec 6
#47
Yes, we all know this is why his stupid fictional austerity department no one wanted was created. This shouldn't be news
Karasu
Dec 5
#20
A man worth 300 billion dollars doesn't want people to have enough money to live on in their old age.
patphil
Dec 5
#22
They think it won't impact them. It will only screw over their kids, not them.
travelingthrulife
Dec 6
#50