“And now, private equity’s sights are turning to the #SocialSecurity Administration. Privatization of the #retirement market has been a long-standing goal of capital. If the #SSA really were dismantled, a vast retirement market — over a trillion dollars — would open up, into which could be shoved all sorts of new corporate profit models and plans. Yet the social results, at least for those who aren’t wealthy investors, are easy to imagine if you’ve had the essential #US experience of grappling with #health #insurance. There would be the familiar labyrinths of complexity, deception and usurious charges — but the harms inflicted could easily multiply, as the mark
... Show more...“And now, private equity’s sights are turning to the #SocialSecurity Administration. Privatization of the #retirement market has been a long-standing goal of capital. If the #SSA really were dismantled, a vast retirement market — over a trillion dollars — would open up, into which could be shoved all sorts of new corporate profit models and plans. Yet the social results, at least for those who aren’t wealthy investors, are easy to imagine if you’ve had the essential #US experience of grappling with #health #insurance. There would be the familiar labyrinths of complexity, deception and usurious charges — but the harms inflicted could easily multiply, as the market for retirement programs is, of course, retirees: older people, disabled people and those in deepest need. #Privatization for profit would target the savings and last hopes of all these communities.”
#uspol #uspolitics #politics #Trump
scheerpost.com/2025/03/18/as-d…
Three private equity veterans are weaseling their way in, reportedly on the orders of the presumptive SSA commissioner.
scheerpost.com
volkris
in reply to micchiato 🍉 • • •The thing is, we're already there. These retirees getting Social Security payouts are already free to spend that on this parade of horriables.
And yet somehow the world has not melted down.
No this is silly. Letting people have more control of their own lives is, arguably, a pretty good idea on a few different levels.