Ron Johnson Said Social Security Was Set Up Wrong

[applegrove]

Ron Johnson Said Social Security Was Set Up Wrong

August 19, 2022 at 4:22 pm EDT By Taegan Goddard 3 Comments

https://politicalwire.com/2022/08/19/ron-johnson-said-social-security-was-set-up-wrong/

"SNIP.

Milwaukee Journal Sentinel: “Weeks after saying Social Security and Medicare should be subjected to annual budget talks — a stance that caused political blow back from his foes — Johnson once again weighed into America’s signature social insurance program.”

“During a Wednesday campaign stop in Rice Lake, Johnson said Social Security ‘was set up improperly” and that the system’s funds would have been better off invested in the stock market.”

.....SNIP"

[sakabatou]

1. Oh, go fuck yourself, RoJo.

[vanlassie]

2. Asshat.

[Claustrum]

3. Same republican BS.

Everything is set up wrong so they want to dismantle it. But they never give an idea how or what they are replacing it with.

[Wounded Bear]

6. Yep! More privatization bullshit. nt

[rurallib]

12. Make a few people wealthy while those who need it

will starve.

[applegrove]

4. That would make for a bubble in an overpriced stock market. SS

investors would lose out. I can't read the article but is this his attempt to walk back his previous SS statements cause he is now losing?

[ProfessorGAC]

11. Nailed It

That's trillions of dollars chasing after the same equity value.
It would overprice everything, including struggling companies.
It's a monumentally stupid idea.

[exboyfil]

5. That is why we have tax preferred 401(k)s and IRAs you moron

He is not wrong about it being set up improperly. There should be a fourth tier that taxes above the cap and returns a much smaller percentage. The system was set up to give everyone a minimum income at retirement that allows individuals to live with some level of dignity. The fact that the high income earners and investors don't also contribute to supporting the system is the crime.

[EnergizedLib]

7. Social Security was set up in the 1930s

When the economy and stock market weren’t doing so hot.

Investments aren’t guaranteed good investments or a gain on money. With Social Security, you have something to help you.

[Wounded Bear]

14. It's simplicity is its strongest point...

It's designed to be a solid, long term plan to help seniors when they retire, based on government securities, not speculative markets.

[unblock]

8. the *principle motivation* for social security was to be a safety net if the stock market crashes

Next this genius will advocate making protective clothing for fire-fighters out of flammable materials.

[TxGuitar]

9. "would have been better off invested in the stock market."

where we rich people could loot it.

[Historic NY]

16. Bingo, when the market goes down who covers the loss?

DeSantis invested with the russians and blew 200 - million of the pension fund

[link:https://www.orlandosentinel.com/politics/os-ne-florida-russian-investments-20220405-4jew7gakivdoto7q74tbambttm-story.html|]

[spanone]

10. Okay, and we should trust the 'crazy fucking party' to set it right?

Bwahahahahaaaaa

[Sogo]

13. Are they going with "repeal and replace" re SS?

How'd that work out for us re their healthcare plan? **Still waiting....**

[marble falls]

15. Do not invest my SSI in the market!!!

[LakeArenal]

17. Set up wrong? Because FDR was a Democrat.

[Captain Zero]

22. Sure after the crash, put it a in the stock market

Because everybody felt so good about Wall Street Thievery. Haha.

[NCjack]

18. Yeah, let's make it easy for looting.

[gratuitous]

19. It's too dependable and predictable!

All those lazy geezers just sitting back, collecting checks and not doing anything for it is just too much for Sen. Ron to bear. These codgers need to learn that they can take a beating in the market and battle the cat for scraps. Then they'll appreciate the Republicans! Tell us, Sen. Johnson, what exactly did you do to contribute to the economy other than marrying rich?

[modrepub]

20. Pay Us Back

SS tax receipts have outpaced payouts for decades. If you want to clear out the SS program make sure you pay those of us who've been overpaying their SS taxes since the 80s.

IMO, SS should be a pay as you go system. Raise the cap and lower the tax rate to the point it breaks even then keep it there. Politicians and the M$M just run with story that SS is bankrupt and never address the surplus that's been tapped into (stolen) for the better part of 30 or 40 years.

[UTUSN]

21. Note to him: Feel free to tun it down, pay back any your parents and Disability you know received

[irisblue]

23. "the system's funds would have been better off invested in the stock market."

Boop! There it is... Money for Wall Street.
#FireRussianRon