Last night, Sen. Mike Lee (R-UT) wrote a blueprint for destroying Social Security. Lee’s thread was quickly amplified by Elon Musk, the richest man in the world, who Donald Trump has put in charge of slashing our earned benefits.
The following is a statement from Alex Lawson, Executive Director of Social Security Works, on the blueprint:
“For 89 years, through war and peace, boom time and bust, health and pandemics, Social Security has never missed a single payment. Compared to the risky alternatives on Wall Street, Social Security is a rock of retirement security. If billionaires like Elon Musk paid into Social Security at the same rate as the rest of us on all of their income, we could expand benefits for everyone and pay them in full forever.
This is a declaration of war against seniors, people with disabilities, and the American public. The Republicans are coming for your Social Security, which they call a ‘nightmare.’ Elon Musk’s commission is a plot to destroy our Social Security by giving it to Wall Street executives — so that you get nothing and they get everything.
We’ve seen this play again and again. When Republicans destroyed defined benefit pension plans, they claimed that the market would be able to create amazing returns for everybody. Instead, workers got pennies, while Wall Street managers got billions. That is always the plan.
We will defeat this Republican effort to steal our earned benefits. The money is ours, Mike Lee, Elon Musk, and Donald Trump. You’re not going to get a penny of it.”
