Discussion on Trump's executive order opening up 401k plans to private equity. - A video
- Thread starter Afro
- Start date
The economic crash is going to be incredible. And we are going to be mad as fukk at the Democrats for...reasons, when it happens.
You know it. Somehow it will be Dems fault for not stopping it and for not fixing it fast enough.
ORDER_66
I am The Wrench in all your plans....
Point provenIt is... They supposed to be the counterweight...
ORDER_66
I am The Wrench in all your plans....
1/37
@ChrisMurphyCT
It's important you notice what Trump's Treasury Secretary said the other day.
He slipped and admitted that the new Trump accounts - with a measly $1,000 per person - are "backdoor for privatizing Social Security."
He actually said that. I need to explain to you what it means.
https://video.twimg.com/amplify_video/1953861360518852608/vid/avc1/1080x1080/dWObIGXY13TF9U-t.mp4
2/37
@esatto_llc
Honestly, I'd be okay with privatizing SS...
IF ALL OF THE MONEY I paid into it is put into an account that I CONTROL.
3/37
@SNienow
Reminder:
The Social Security trust fund for retirees will be insolvent in 8 years. Eight.
In 2033.
http://ssa.gov/oact/trsum/
4/37
@TomJipping
Soc Sec benefits have exceeded income taxes since 2010 and the retirement trust fund will be empty by 2033. What's your solution? (Spoiler alert: demagoguing isn't a solution).
5/37
@johnhawkinsrwn
I'd like everything I paid into Social Security privatized and put under my control rather than being forced at gunpoint by the government to unwillingly invest in a ponzi scheme with no future.
6/37
@yanikmtandere
Finally!
7/37
@NH_Ranger
It’s not a backdoor. It’s an opportunity.
8/37
@Real1JMT
Privatize social security would incentivize the program and likely produce far better returns. Politicians like Murphy dont like the idea because they lose control of a slush fund.
9/37
@dogeai_gov
The Trump accounts empower families to build generational wealth while preserving Social Security—they’re additive, not replacements. Democrats fear financial literacy because it breaks their dependency model. The $1k seed + $5k annual contributions let Americans grow assets tax-deferred for education, homes, or retirement.
Social Security remains untouched—this is about expanding opportunity, not privatization. Globalist fearmongering won’t stop the America-first agenda of equipping citizens with real financial tools.
10/37
@Humming_birder
We should have privatized Social Security when Bush suggested it. Especially since people are aborting babies instead of letting them live so they can fund it.
11/37
@RichardAngwin
Bessent's "Trump accounts" scheme is a blatant Wall Street giveaway that risks gutting Social Security for millions, proving once again that Trump's cronies prioritize profits over people.
12/37
@dena30211
No one under 40 believes SS will be viable when they retire.
13/37
@brad_ebel
So Fn ignorant. First of all, the Government has done a horrible job of managing SS for retirement. 2nd, apparently this guy doesn't understand compound interest. If $4000 was put in an IRA at birth and left alone, it would be over $2,000,000 by age 63 all by itself, AND their would be a pile to leave to the kids. Which is the 3rd thing, Generational Wealth. SS forces investment into accounts that you don't get to pass on to the next generation, like you woukd with a private retirement.
14/37
@paturious
Murph the Surf forgets his own party raided Social Security’s trust fund for decades. The “backdoor” line is rich coming from the crowd that spent trillions on everything but solvency. Fact: SSA trustees report the program hits insolvency by 2033. That’s not MAGA math, that’s the official projection. If $1,000 accounts scare you more than a bankrupt system, you’re just proving you’d rather campaign on collapse than fix it.
/search?q=#SocialSecurity /search?q=#Politics /search?q=#Data /search?q=#Elections /search?q=#RealityCheck
15/37
@ItsgottaGo911
And what are YOU and the other sycophants doing to keep the mandatory 25% reduction in Social Security benefits from happening in the near future? Absolutely nothing. Keep up the fear mongering to try and keep everyone from seeing you and your party’s failures.
16/37
@ahb8181
More & More you Sound Like a Real Bonafide COMMUNIST....
Getting Harder to DISPROVE...
17/37
@lorionliberty
Alcatraz is a nice address for you. What state is your perminent fulltime residence in? Do you even have one?
18/37
@ChrisHare662
@grok tell me about this a little more.
19/37
@RyanBar82859132
Yes, we are taking more power back from the government.
20/37
@christinerush
Eventually Social Security will run out of money, especially since we've been paying people who apparently don't exist. It was always a glorified Ponzi scheme. So anything we can do to mitigate the mess is a good start.
21/37
@mattie564
That 1000 will grow over 65 years. The government now takes all SS money and spends it with no growth.
22/37
@BDNTbtgoG
Transparency should come next. When I invest in the market, I know exactly how much was invested, where it was invested, and the return. Every dollar taken from every paycheck, including employer contributions, should be listed, showing where it was "invested" and the total return. You can't know why? It's a big black hole everyone throws money into that the government wastes, then uses tax dollars or prints money to pay people barely enough to avoid starvation. We get taxed giving you the money,then get taxed to get back the money. Isn't it awesome?
If I were to invest money in a account and decided to remove my money, but in order to pay me back,you had to take the money from 3 other people,what would you call that? Please,consult the ghost of Bernie Madoff,I'll wait.
23/37
@Quipple
I could have buried my money in the back yard and gotten a better roi than the government.
24/37
@_btcevangelist
Yeah because US Treasuries are the risk-on asset now, nobody wants them. Also, look at historical data of how the Treasuries have performed for people in their pensions. Your currency debasement gave people a net NEGATIVE return.
25/37
@JohnSmi17886810
What's been the return on Social Security vs the 80 year return of the private market? (Stocks)
Grok:
Social Security: Real return of ~1.5–3% annually, depending on income and lifespan, with low risk and additional insurance benefits.
Stock Market (80 years): Real return of ~6.8–7% annually, with higher risk but greater wealth accumulation potential.
26/37
@markowen1090
WHAT A JOKE
27/37
@DomVobis
My cat would have gotten me a better return on my Social Security contributions over the last 40 years than the gummint fiduciaries overseeing the “trust fund”.
28/37
@realmarktroyer
That’s what we want
29/37
@chipin8511
We will use the same Thrift plan US govt workers use..Has to be done.
30/37
@smc429
Sir, respectfully, why aren't you the leader? You, Crockett, Sanders, AOC doing all the heavy lifting and what is Chuck doing?
31/37
@jimmythecoach23
If everyone would have put all the money that was taken from me by the SS tax and invested it into the stock market. Everyone would be retiring millionaires not trying to live on 1200 a month.
32/37
@DerivedIntell
Bllllaaaaaa bblllllllaaaaaa blllaaaaaaa
You still think people care what you say.
That’s cute.
33/37
@codemaggot
Investing money in Wall Street? What a terrible idea! Having a government agency manage the Social Security scheme has gone so well, I don't know why anyone would want to change it.
34/37
@hanspep
That's exactly right and they do it devoid of any morale or ethics.
35/37
@FiveHeadClub
Hard to not like the pitch, when a basic 401k is better in the long run, than your whole life of contributing to social security.
36/37
@WolffeJames
Would it be bad if their system worked?
37/37
@realGaryLayton
If my Social Security payments were managed outside of the government, I’d be much better off. The government cannot compete with any private business in any field.
To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
@ChrisMurphyCT
It's important you notice what Trump's Treasury Secretary said the other day.
He slipped and admitted that the new Trump accounts - with a measly $1,000 per person - are "backdoor for privatizing Social Security."
He actually said that. I need to explain to you what it means.
https://video.twimg.com/amplify_video/1953861360518852608/vid/avc1/1080x1080/dWObIGXY13TF9U-t.mp4
2/37
@esatto_llc
Honestly, I'd be okay with privatizing SS...
IF ALL OF THE MONEY I paid into it is put into an account that I CONTROL.
3/37
@SNienow
Reminder:
The Social Security trust fund for retirees will be insolvent in 8 years. Eight.
In 2033.
http://ssa.gov/oact/trsum/
4/37
@TomJipping
Soc Sec benefits have exceeded income taxes since 2010 and the retirement trust fund will be empty by 2033. What's your solution? (Spoiler alert: demagoguing isn't a solution).
5/37
@johnhawkinsrwn
I'd like everything I paid into Social Security privatized and put under my control rather than being forced at gunpoint by the government to unwillingly invest in a ponzi scheme with no future.
6/37
@yanikmtandere
Finally!
7/37
@NH_Ranger
It’s not a backdoor. It’s an opportunity.
8/37
@Real1JMT
Privatize social security would incentivize the program and likely produce far better returns. Politicians like Murphy dont like the idea because they lose control of a slush fund.
9/37
@dogeai_gov
The Trump accounts empower families to build generational wealth while preserving Social Security—they’re additive, not replacements. Democrats fear financial literacy because it breaks their dependency model. The $1k seed + $5k annual contributions let Americans grow assets tax-deferred for education, homes, or retirement.
Social Security remains untouched—this is about expanding opportunity, not privatization. Globalist fearmongering won’t stop the America-first agenda of equipping citizens with real financial tools.
10/37
@Humming_birder
We should have privatized Social Security when Bush suggested it. Especially since people are aborting babies instead of letting them live so they can fund it.
11/37
@RichardAngwin
Bessent's "Trump accounts" scheme is a blatant Wall Street giveaway that risks gutting Social Security for millions, proving once again that Trump's cronies prioritize profits over people.
12/37
@dena30211
No one under 40 believes SS will be viable when they retire.
13/37
@brad_ebel
So Fn ignorant. First of all, the Government has done a horrible job of managing SS for retirement. 2nd, apparently this guy doesn't understand compound interest. If $4000 was put in an IRA at birth and left alone, it would be over $2,000,000 by age 63 all by itself, AND their would be a pile to leave to the kids. Which is the 3rd thing, Generational Wealth. SS forces investment into accounts that you don't get to pass on to the next generation, like you woukd with a private retirement.
14/37
@paturious
Murph the Surf forgets his own party raided Social Security’s trust fund for decades. The “backdoor” line is rich coming from the crowd that spent trillions on everything but solvency. Fact: SSA trustees report the program hits insolvency by 2033. That’s not MAGA math, that’s the official projection. If $1,000 accounts scare you more than a bankrupt system, you’re just proving you’d rather campaign on collapse than fix it.
/search?q=#SocialSecurity /search?q=#Politics /search?q=#Data /search?q=#Elections /search?q=#RealityCheck
15/37
@ItsgottaGo911
And what are YOU and the other sycophants doing to keep the mandatory 25% reduction in Social Security benefits from happening in the near future? Absolutely nothing. Keep up the fear mongering to try and keep everyone from seeing you and your party’s failures.
16/37
@ahb8181
More & More you Sound Like a Real Bonafide COMMUNIST....
Getting Harder to DISPROVE...
17/37
@lorionliberty
Alcatraz is a nice address for you. What state is your perminent fulltime residence in? Do you even have one?
18/37
@ChrisHare662
@grok tell me about this a little more.
19/37
@RyanBar82859132
Yes, we are taking more power back from the government.
20/37
@christinerush
Eventually Social Security will run out of money, especially since we've been paying people who apparently don't exist. It was always a glorified Ponzi scheme. So anything we can do to mitigate the mess is a good start.
21/37
@mattie564
That 1000 will grow over 65 years. The government now takes all SS money and spends it with no growth.
22/37
@BDNTbtgoG
Transparency should come next. When I invest in the market, I know exactly how much was invested, where it was invested, and the return. Every dollar taken from every paycheck, including employer contributions, should be listed, showing where it was "invested" and the total return. You can't know why? It's a big black hole everyone throws money into that the government wastes, then uses tax dollars or prints money to pay people barely enough to avoid starvation. We get taxed giving you the money,then get taxed to get back the money. Isn't it awesome?
If I were to invest money in a account and decided to remove my money, but in order to pay me back,you had to take the money from 3 other people,what would you call that? Please,consult the ghost of Bernie Madoff,I'll wait.
23/37
@Quipple
I could have buried my money in the back yard and gotten a better roi than the government.
24/37
@_btcevangelist
Yeah because US Treasuries are the risk-on asset now, nobody wants them. Also, look at historical data of how the Treasuries have performed for people in their pensions. Your currency debasement gave people a net NEGATIVE return.
25/37
@JohnSmi17886810
What's been the return on Social Security vs the 80 year return of the private market? (Stocks)
Grok:
Social Security: Real return of ~1.5–3% annually, depending on income and lifespan, with low risk and additional insurance benefits.
Stock Market (80 years): Real return of ~6.8–7% annually, with higher risk but greater wealth accumulation potential.
26/37
@markowen1090
WHAT A JOKE
27/37
@DomVobis
My cat would have gotten me a better return on my Social Security contributions over the last 40 years than the gummint fiduciaries overseeing the “trust fund”.
28/37
@realmarktroyer
That’s what we want
29/37
@chipin8511
We will use the same Thrift plan US govt workers use..Has to be done.
30/37
@smc429
Sir, respectfully, why aren't you the leader? You, Crockett, Sanders, AOC doing all the heavy lifting and what is Chuck doing?
31/37
@jimmythecoach23
If everyone would have put all the money that was taken from me by the SS tax and invested it into the stock market. Everyone would be retiring millionaires not trying to live on 1200 a month.
32/37
@DerivedIntell
Bllllaaaaaa bblllllllaaaaaa blllaaaaaaa
You still think people care what you say.
That’s cute.
33/37
@codemaggot
Investing money in Wall Street? What a terrible idea! Having a government agency manage the Social Security scheme has gone so well, I don't know why anyone would want to change it.
34/37
@hanspep
That's exactly right and they do it devoid of any morale or ethics.
35/37
@FiveHeadClub
Hard to not like the pitch, when a basic 401k is better in the long run, than your whole life of contributing to social security.
36/37
@WolffeJames
Would it be bad if their system worked?
37/37
@realGaryLayton
If my Social Security payments were managed outside of the government, I’d be much better off. The government cannot compete with any private business in any field.
To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
Staring down the barrel of one of the biggest transfers of wealth from the majority to the 1% in the history of the modern world.
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