A group of CEO's of major corporations are trying to influence the debate over Social Security in a way that reduces benefits for retiree's. Social Security and safety nets in general are a form of national saving. Money put into these programs is used later for support of the participants. Like savings.
Corporate influence wants to put that money back in the pockets of the taxpayers today, so they can spend it on something that the corporate overlords are selling and thus keep corporate profits up. The same argument and the same motive in all of the tax cut debates. This has been the case for 30 years with the low tax argument. Put more money in the hands of the consumers so they spend it!
Yes, it is "freedom". But it is not in the interest of the nation. Some have no way to save for retirement or illness. Their wages have been reduced through inflation and the assault on labor, as well as the technologic effects of increased production, not to mention oursourcing to other countries.
We should pay for Social Security and Medicare.
From the Institute for Policy Studies.
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