He has stated he wants to make social security tax free
People on Lemmy will tell you it’s going to disappear because orange man wants to kill everyone, or something.
What is likely to happen is nothing.
Yes, nothing, which means not fixing it. Which means it will be depleted in nine years. I guess it depends on how long his mom plans to stay alive.
Trust fund will depleted which is what boomers want exactly… It is theirs anyway and they abiut to start dying off so why not enjoy it?
Social Security has shifted far from its original intent. It was once a system where your taxes were set aside and invested, creating a fund for your own retirement. But over time, the baby boomer generation began drawing heavily from these reserves, turning what was meant to be a self-sustaining system into a pay-as-you-go model. Now, instead of relying on their own invested contributions, Social Security is sustained largely by taxing the younger generations to fund the retirees, shifting the burden and undermining the system’s original promise. This approach leaves younger generations on the hook, fueling concerns about the system’s long-term viability.
Please understand that “nothing” means the built up surplus runs out and there will be not enough money to pay all benefits.
The smart and easy fix would be to raise the cap on ss taxes while flattening the “you deserve more money because you made more money when you were working” weirdness.
Instead, they’ll likely either do nothing and force the dems to fix it in four years, play with benefits to make the poor suffer, or try and replace it with a phased in 401k style stock market scam.
(that last option, btw, is killing social security.)
Too early to say, but assume Social Security and Medicare/aid are fair game.
Medicaid especially is in trouble. In two different budgets they tried to pull back on funding. Not sure how successful it was but they already tried.
I once read that 2/3 of Americans are “affected” by Medicaid, not that they use it but that they are related to or are otherwise involved with someone who does. That’s a lot of face eating.
If they or their loved ones lose coverage, They’ll just blame the Democrats, or atheist transgender illegal aliens or something. They aren’t tethered by reality. They can just lay blame on a random boogeyman and sleep peacefully at night.
He’s promised not to touch it. But this guy’s not gonna fix it either.
And his promises are not worth very much.
Which is sorta the problem with speculation in these threads. We can say “Trump said X”, but really his decisions are based on the number of hamburgers he had that afternoon or which voice whispered in his ear last. We only have wild speculation.
Best policy is to simply assume that he’s going to do the worst possible thing at every juncture.
They are almost always a promise to do the opposite. He’s a lying piece of shit.
Lol, he “promised”? Are you new to… Uhh… All of this?
Trump has refused to say what he’ll do because threatening Social Security during an election would cost him a lot of votes from seniors. On the other hand, now that he has won, Republicans have started freely admitting that Project 2025 is the plan for this administration. Project 2025 has this to say about Social Security.
Project 2025’s 900-page Mandate for Leadership fails to propose any solutions for Social Security and says, on page 710, that its proposals for the program could not be “covered here in depth.” Notably, that line was co-authored by economist Stephen Moore, who has advocated to slash and privatize Social Security, once calling it a “Ponzi scheme” and encouraging students to burn their Social Security cards. Kevin Roberts, the president of the Heritage Foundation, has also gone on record to say the Mandate for Leadership manifesto is just the basis of their plan and “there are parts of the plan that we will not share with the left.” Last month, his organization called for raising the retirement age, and the author of that analysis, Rachel Greszler, is listed as a Project 2025 contributor.
I would hazard to guess that the incoming administration will, at the very least, try to raise the Full Retirement Age to 69. I will be pleasantly shocked if they don’t try to privatize it as well.
710 pages into this mandate and they decide they don’t have room to talk about SS?
They needed a lot of space to talk about pronouns and porn
A 2:1 ratio on Social Security age limits wouldn’t affect a lot of his base, so I can see Trump pushing it.
The conventional wisdom is that Social Security is a so-called “Third Rail” of politics. Nobody is going to touch that and live to tell the tale.
Of course, we would have had a similar thought about non-controversial stuff like “cooperating with the World Health Organization,” so there are no guarantees, but wholesale restructuring of the program would (hopefully) cause more backlash than any politician wants to deal with.
The blueprints he’s working from doesn’t say anything about SS by name: https://www.newsweek.com/what-project-2025-could-do-social-security-1923892
Despite being over 900 pages long and spanning most of the departments of government, including defense, homeland security, agriculture, education and energy, the mandate text does not provide direct policy positions on Social Security or its government agency.
That’s not to say the program will be entirely unaltered, but that page suggests the extent of the (public) policy proposals seems to be raising the retirement age by a few years. Not great, but nobody seems to be loudly advocating for slashing existing benefits.
