Bloomberg unveils plans for Americans’ Social Security, retirement savings

CNBC ^ | Sun, Feb 16 2020 | Lorie Konish

[McGavin999]

Based on the new clip of him saying it was necessary to deny seniors healthcare, it appears he plans onsshoring up social security by killing off the most senior recipients

[PIF]

Bloomberg unveils plans for Americans’ Social Security, retirement savings

after all the lawyer talk Shorty got down to businees saying look all that money isnt yours, it mine, since im ur ruler

[Vigilanteman]

Why doesn’t anyone ever mention shoring up social security and medicare by applying the same rules to it for immigrants that they apply to citizens? Namely, you don’t pay into it, you can’t take out of it.

[Tucker39]

When he confiscates OUR nest eggs to run a corrupt dictatorship, how many of HIS Billion$ go into the common pot? Right. I thought none would.

[lgjhn23]

I wouldn’t trust Mikey Mouse with a plugged nickel.....
He’s an evil, communist tyrant wanting to control every aspect of American life. Mikey Mouse can stick his plan where the sun don’t shine.

[Lazamataz]

Welp.

There goes the working-class vote.

[Zathras]

And as when they implemented 401k plans under Reagan, Democrats will try and remove it as soon as they are back in power.

[Buckeye McFrog]

And thus the arms race on boosting SS payments to buy votes has begun.

My prediction: The earnings cap is history and a Tobin Tax to supplement SS revenues is on the way.

[usconservative]

Bottom line: Bloomberg's plan is to TAX ME MORE and give that money to people who "deserve it" and haven't worked for it.

NO SALE.

[usconservative]

You're wrong, bro. The "working class" vote is now everyone who makes less than $15/hr.

Those are the uneducated idiots who Bloomie is after.

[vikingd00d]

>>The plan would work by automating contributions from all workers

IOW.. It’s a tax.

[Red Badger]

Basically, yes................

[Starboard]

And thus the arms race on boosting SS payments to buy votes has begun.

***************

Well put. It’s all about buying votes and pandering, but like the arms race it will cost a lot of money. Someone has to pay for it all and we know who that will be.

[Starboard]

“The Plan” is always a tax.

[Carriage Hill]

“...giving low-income workers access to government-provided retirement savings plans...”

Sure, that’ll work. And WE fund it all.

[Red Badger]

We already have that. It’s called “FICA”

https://en.wikipedia.org/wiki/Federal_Insurance_Contributions_Act_tax

[I want the USA back]

I don’t believe anything this arrogant, pompous a$$ says.

[sauropod]

What’s Mini Big Gulp gonna do - Implement stop and frisk at the Bingo table?

[wastoute]

Actually if you are supposed to pay for your own healthcare out of the increase in Social Security because there is no more Medicare it might be worth looking at.