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.___

  • teyrnon@sh.itjust.works
    0·
    15 days ago

    Really? Do you have a link on that, I missed it, just found out reuters has let me back in without a paywall or I would maybe know already

    • Bloefz@lemmy.world
      0·
      15 days ago

      I doubt it would be in the world news. But they basically made it into a system where everyone has like a private investment package as a pension.

      • MountingSuspicion@reddthat.com
        0·
        14 days ago

        Are you Dutch? Do you have an idea what the sentiment over there is? The US is a lost cause at this point, but I was hoping other places would learn from our idiocy.

        • Bloefz@lemmy.world
          0·
          14 days ago

          Yes I am but luckily I don’t live there anymore. The country has been very neoliberal, idealising America for the last 30 years, led by the VVD party. Lately the extreme-right fascists have had a much larger influence (PVV party and also FVD and JA21). They still do. In 2023 they gained more than 30% of votes. The resulting coalition screwed up very badly by constantly screwing each other over for political gain, so the government collapsed after only a year. The one that came after is the same old shit again.