from Common Dreams
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Musk has been recruited by Trump to take on the role of special advisor for allegedly seeking to root out waste, fraud and abuse from the federal bureaucracy, even as Musk’s private companies continue to profit in the millions of dollars from contracts from that bureaucracy. For some reason, Musk’s own contracts have been exempted from his investigations, but Social Security has not. Dismantling the most prominent social welfare program of the last century is undoubtedly an extremist undertaking and Musk is employing Trumpism as a discourse to help make that happen. Whether he succeeds is dependent in no small part on our ability to call out and resist his verbal jujitsu.
Dismantling Social Security would be very significant, for it not only provides major benefits to over 70 million retirees and persons receiving disability and survivor benefits (about one in five Americans). The program was enacted by Congress during the Great Depression with the Economic Security Act of 1935 (which quickly came to be known as the Social Security Act). It has become the cornerstone of the American welfare state, limited as it is compared to its counterparts in the rest of the developed world. It is nonetheless the most effective anti-poverty program in the history of the country, basically reducing the poverty rate among the elderly by half once its benefits started getting adjusted annually in 1972 to keep up with inflation. It has long been considered the “third rail” of American politics for any politician who tries to tamper with it usually ends up getting repudiated, just as President George Bush did when he tried to privatize it after winning re-election in 2004. Now Trump is going down that road but using the discourse of Trumpism to legitimate undermining this bedrock foundation of the U.S. welfare state.
Calling Social Security the “biggest Ponzi scheme in American history” is pure Trumpism. It is a boomerang. Many people have pointed out the Ponzi-scheme nature of Musk’s own preferred cryptocurrency Dogecoin. Dogecoin was the source for Musk calling his anti-federal government initiative “DOGE” (Department of Government Efficiency). Musk’s response was like him saying “no Dogecoin is not a Ponzi scheme, but Social Security is,” thereby redirecting the criticism of Dogecoin (and all cryptocurrencies) toward the government’s largest and most effective social welfare program. Cryptocurrencies, like Dogecoin, but also even more prominently Bitcoin, have been, for the last decade or so, very popular, especially with people who want to be free of having to rely on government-backed currency like the dollar. Cryptocurrencies have an anti-government elan that attracts all kinds of people, including libertarians and even anarchists. Calling Social Security the biggest Ponzi scheme in history is an anti-government boomerang perpetuated in the name of speculators who want to be free of government regulation...
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