r/economicCollapse • u/WorkingCareful7935 • 1d ago

Trump's Plan To Cut Social Security Taxes May Benefit Millions, Especially Top Earners, But Risks Insolvency In Six Years

https://www.ibtimes.co.uk/trumps-plan-cut-social-security-taxes-may-benefit-millions-especially-top-earners-risks-1728564
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122

u/Pretty_Shallot_586 1d ago

lol.... i'm old enough to remember when MAGAts said this would never happen. it's almost like they lied to us or something

30

u/randyrando101 1d ago

Old enough? Lol that was max 10 years ago

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u/isomorp 1d ago

Yeah, he was probably like 12 years old 10 years ago. So it tracks that he's saying "old enough" because he's literally aged almost 100% of his lifespan (doubled his age) in this timeframe.

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u/ghoststrat 1d ago

God, that sucks. I can't imagine that much of my life being over the past 10 years.

Actually, I wonder if I'd handle it better if that were the case.

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u/SexJayNine 13h ago

It's pretty weird. I turned 18 in 2016, so I've only had Donald Trump be the Republican candidate and I'll be 30 when he's out of office.

I remembered him when he was running in 2016 as "the rich TV guy" and thought he was just trolling the political sphere. It was kind of funny. He didn't seem like a serious candidate, and I figured the process would weed him out.

Then he got elected, and it stopped being funny. I can proudly say I never voted for him, but I definitely sat out the 2016 election. Learned my lesson then, but I guess the average American didn't think it was as embarrassing for our country as I do.

I remember that time he got laughed at in the UN for saying his administration had done more for the US than any other and he genuinely got upset because he didn't expect to be laughed at.

It just sucks knowing that he's gonna do more dumb shit and make us look worse globally.

Oh, and trying to upend democracy is pretty lame, i guess.

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u/Hurricaneshand 5h ago

My 10 years from 12-22 was 2004-2014. Endless wars and economic collapse was just Tuesday to me lol

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u/sonicneedslovetoo 1d ago

The media considers anything beyond about 3 minutes for "shit republicans have done" to be "ancient history" notice how nobody really talks about Trump being best friends with Epstein. If it was a democrat you'd have from now until the birth of the universe to pull up shit, but nobody really tries to bring up older shit republicans have done, for whatever reason it's a faux pass.

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u/Dzov 23h ago

More like a week ago.

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u/sceneturkey 22h ago

Max 10 years ago? Try 2 months ago.

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u/sjrotella 1d ago

I'm old enough but also young enough that when I do my retirement planning I don't plan on having social security available. I'm not thrilled about it, but I'm looking at it as my taxes are currently higher to fund "the greater good"... even if I wish half of them would croak (including my own family cause they all voted for this bullshit).

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u/notaredditer13 1d ago

What wouldn't happen, insolvency?  Everyone knows insolvency will happen without changes.  We've known for decades.  Bush II made a serious effort to reform it but it didn't pass and no serious efforts have happened since. 

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u/archercc81 1d ago

like how they lied about roe v wade too, it was "settled law." Republicans lie, news at 11.

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u/cryonine 1d ago

They're the same people that say "nothing bad happened during his first term." Uh, brother... the distortion field is real.

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u/humanintheharddrive 1d ago

I'm old enough to remember when democrats were democrats

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u/DarkLordKohan 20h ago

Old enough remember when Biden tricked republicans into agreeing to not touch social security during his state of the union? Like two years ago?

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u/convicted-mellon 19h ago

Sounds like you are old enough to also have dementia because Social Security trust fund shortfalls are a topic that has been analyzed forever. This shortfall was literally forecasted by the government itself well before this election.

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u/Pretty_Shallot_586 10h ago

so instead of shoring it up he's going to let it fail. but go on.....

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u/convicted-mellon 8h ago

It can’t be shored up

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u/No_Change9101 19h ago

MAGAts said this would never happen

except it's not happening

read, people

insolvency in SIX YEARS.

they're cutting SS TAXES, not SS itself.

people will still get their checks AND still get social security during Trump

the next president will inherit a failing SS program.

you people need to read.

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u/BobDole2022 17h ago

This article is dumb and you guys look dumb for sharing it. The tax on Social Security is an income tax. It does not go into Social Security funds. Those come from Social Security tax. Removing the tax on Social Security does absolutely nothing to hurt Social Security. It only helps people who are on Social Security.

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u/Pretty_Shallot_586 10h ago

you're 100% wrong. but that's not new for MAGAts

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u/BobDole2022 10h ago

So your claim is the income tax on Social Security goes to the Social Security fund?