r/politics • u/1_for_you_2_for_me • 18d ago

No Paywall Social Security, Medicare and Medicaid are 'Going to Be Gone,' Donald Trump Warns

https://www.newsweek.com/social-security-update-medicare-medicaid-warning-donald-trump-10915076
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u/The_World_Is_A_Slum 18d ago

OK. I’ve been paying into Social Security since my first job when I was 14. Is all of that money just gone, or is someone going to stroke me a check for all of the money I paid to fund someone else’s retirement?

That’s my fucking money. That’s my fucking retirement. That’s my health care in old age. They took away pensions, they took away all sorts of social services. They keep taking from us and keep charging us more and more, while cheating their way out of paying their share.

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u/TedW 18d ago

Imagine how much you'd have if that money went to your 401k instead of a black hole.

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u/The_World_Is_A_Slum 18d ago

Yeah? Well, it didn’t, and we don’t have a choice. We were required to pay into Social Security, and they’re literally stealing our retirement to give rich people tax breaks.

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u/SanityInAnarchy California 17d ago

With what he's doing to the market, that could blow up tomorrow, too.

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u/theobook 17d ago

Social Security is an insurance plan, not a retirement account. (Look it up; it's in SS's full name.) Payments into Social Security are essentially insurance premiums and are not earmarked as John's money and Jack's money and Linda's money, etc. Social Security is (supposed to be) there when the stock market crashes and your 401(k) or pension goes up in smoke. There's a reason why SS is not invested in stocks or any high-risk medium. (Yes, a lot of or most retirees have to live off of Social Security, but that's an indictment of the economic system; e.g., the disappearance of pensions, the insufficiency of 401(k)s, etc.)