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SOCIAL SECURITY, DEMOCRACY & FEUDALISM
A day or two ago, I asked Nick Hanauer a question on FB. Considering how obvious it is that, when we all do better, we all (including the rich) do better and the adamant opposition of most of the obscenely rich to any measure which helps anyone other than themselves alone, this is what I asked:
Would most of these unimaginably rich people choose to be less rich if, by being so, they could also see the rest of us reduced to a new feudal state of dependency upon them? I suspect the answer is ‘yes’ but I don’t know for sure and wanted to check it with Mr. Hanauer. I haven’t heard back from him yet and I just checked FB.
In any case, the most powerful witnesses for an unfortunately affirmative answer to my question seem to be the obscenely rich themselves, led by one who wants us to think he’s obscenely rich but who, according to the NYT and other credible news outlets, is actually much closer to being bankrupt for what will probably be the final time in his misspent life.
If (God and the people forbid!) Trump is re-elected, he will seek to eliminate the payroll tax which funds Social Security. And not only decades from now but also right here. right now! This would mean that Social Security would run out of money in 2023 — well within the lifetime of senior citizens largely dependent on that program. Trump also says Social Security will be financed other ways. I don’t believe the lying bastard for a New York nanosecond, but for argument’s sake let’s allow he might actually be telling the truth. How would it be done? I certainly don’t know, but Trump himself provides a…