Beware the Social Security scam
Dan Radmacher WARNS against a Republican proposal to cut $6.2 trillion in Social Security benefits over the next 20 years.
Benefits for the people who have been paying extra into Social Security for most of their working lives should not be cut to avoid raising taxes on those who, by design, avoided paying Social Security taxes on much, even most, of their income.
This would constitute a massive transfer of wealth from those who can least afford it to those who already have most of it. And, as I said, it would mean the nation was reneging on a debt and solemn obligation.
Conservatives like to call Social Security a Ponzi scheme, even though it is anything but. However, if they are successful in robbing the citizens who helped the nation accumulate more than $2 trillion in surplus of more than $6 trillion of benefits, they will have perpetuated a scheme of a magnitude that would make Bernie Madoff blush.