One advocate said the Texas Republican laid bare the "two-pronged strategy to push Social Security privatization: Creating the Trump accounts with one hand and gutting the Social Security Administration with the other."

In the not-too-distant future, Cruz envisioned, “we’re going to be able to go to parents and say, ‘Hey, you know that Trump Account your kid has? … Wouldn’t you like to be able to keep a portion of your tax payments that you’re paying already and, instead of sending it to Uncle Sam, wouldn’t you like to have a Trump Account just like your kid does?’'’

“My prediction is, within five years, that is going to have a really compelling constituency,” the Texas Republican added.___

  • Bloefz@lemmy.world
    0·
    2 months ago

    It’s more like insurance. Some people won’t need it much, others will. It can be beneficial to those.

    But the real thing you are ‘buying’ is peace of mind. That is part of the value of it.

    • prole@lemmy.blahaj.zone
      0·
      2 months ago

      You’re also supposed to value the fact that you are contributing to the overall health and prosperity of your fellow Americans.

      Lol imagine that.