If the super wealthy paid a little more in tax's...you could cover that deficit and have a nice surplus!!
If the super wealthy paid a little more in tax's...you could cover that deficit and have a nice surplus!!
Well…maybe we should tax the billionaires?
But then people like Elon might not have enough money to buy an American president 🤷♀️
What a concept!
But then how will they be able to buy all the world's microphones to "defend free speech"?
Was about to say the same thing
It's funny that the world's richest man doesn't understand that a country's cumulative debt and deficit spending function VASTLY differently from the individual. It's like, how does someone obtain the amount of money he has without a basic understanding of macroeconomics? "Meritocracy," lol
And also, it’s so disingenuous to lump defense spending and veterans spending together. Sure, sure… making sure vets have basic care is on par with our trillion-dollar Armada.
👍🏽👍👍🏻👍🏼👍🏾👍🏿
Money is made up like Elon’s self-worth.
They also never talk about how much debt Trump added.
How the Super Rich Are Killing Social Security | Robert Reich www.youtube.com/watch?v=GfZu...
Just who the hell does he think he is?
Elon is right, though, that the last budget surplus was FY 2000-01. During the Clinton administration. GW Bush busted it with tax giveaways and unnecessary wars. Obama and Biden tried to improve it. Trump made it far worse.
Attaching any positive connotation to Leon’s verbal diarrhea is a mistake. It’s obvious as day their next target is social security and healthcare cuts so they can continue to line their pockets with Corporate tax cuts and incentives that benefit the rich.
That's why this seems like a self-own to me. Hopefully Dems point this out very publicly to highlight the reason we're in such a large deficit are the mult tax cuts by Bush, then Trump. Seems pretty easy to say "as Elon points out, U.S. had a budget surplus & likely still have one but for tax cuts."
I am ready to fight.
trump added $8 trillion to our debt. $4.8 trillion of that before covid even hit. he got very little return on any of whereas Biden invested our tax dollars and we are getting a return on most of what he is spending.
Elon Musk's chart is a LIE. Social Security doesn't add a SINGLE PENNY to the debt. But that won't stop Elon from trying to destroy it. We will NEVER let that happen. --- Expect lies from a super LIAR. Delivered by "Das Propaganda Ministerium" in waiting: X.
Tax muskrat into oblivion!
Never mind the fact that DOGE does not yet exist
lets talk about all the wasted money the US government has given to Musk, shall we?
I'd like to point something about the whole "America is headed for bankruptcy" argument. Donald Trump has declared bankruptcy, what, 6 f-ing times? and he's still around. I think we'll be ok.
He could easily suggest that a way to gain revenue IS TO TAX BILLIONAIRES AND HAVE THEM CONTRIBUTE TO SOCIAL SECURITY. I’m just saying.
Hmmm. Sounds like he’s ok running his own businesses that way. Also, the government is not supposed to make a profit.
What they don’t like is your employee has to pay into for you🤫
Good luck.
Thanks for posting this. And understand that lying is the life blood of cults. He is using cult techniques to manipulate the base. The base who will not believe the facts.
Where’s Buttigieg? He’s very good at liesplaning on right wing media. Someone needs to get in front of the whole country and sound off on all the lies and their plans to destroy our government and country. A S A P
I am worried about my disability getting throttled. I'll be homeless, desperate and likely do criminal things, most likely dying. I hate I have this worry. I wish I could just work. Fuck.
Find the best prison, go to that state..do crime...viola!! Room & Board for life, and medical care!! Maybe you could fold laundry??
Maybe, it took 4 years to get on disability for a second time though. It's just depressing to think what I could go through. What my family could go through.
I am also on Disability. They want to keep us poor. Which is sad, because we have a lot to offer!!
I agree so much. I went back to work and had another heart attack. It doesn't mean I'm not college educated, I could do many things, but instead I'm related to too high risk of a person to employ. Id miss days, sometimes whole weeks of work. But I still have value. It's hard to see that sometimes.
So let's extend the tax cuts and add another 4 trillion to the debt. Wait for it.....
Does he realize it's because the corporate tax breaks from trump??
Let's take Musks Social Security. Boycott.
Muck is trying to steal OUR MONEY!!!
Serious question: How can you stop it?
CORPORATE TAX… BILLION-ERS TAX
If Elon knows what's good for him,then he better keep his hands off social security
Mass block the Elon. Don't give him reach. He poisons everything he forces his fingers into.
This is how he starts misinformation. Nobody in the media will confront him.
Looks to me like he just proved corporate income tax needs to go up not down.
Yeah our government is surprisingly very efficient despite what many claims, we just aren't pulling in enough cash to support the programs. Even just a a 5-6% tax on billionaires and an added luxury tax would put us in a surplus.
But if you tax billionaires, how will they afford their fourth yacht?
Excuse me I must have not been thinking clearly. Lord knows that would just be horrible.
If his lips are moving, posting on X -- it's a lie.
I think it's time for Social Security recipients to file a class action suit demanding the federal government return, with interest, the funds Reagan stole to pay for his tax cuts
That's a brilliant ideal.💯
I like this idea a lot.
And unlike Musk's value, its one of the few things with actual financial liquidity and not some imaginary projection
How is he the richest person alive and the only amplifying word he knows is “super”? Everything is “super” fast or “super” cool…how are they all dumb?
Elmo's a grifter, his only skill is deceit.
Fine. End the transfers to states. Start paying your own way, Red States. We’re sick of carrying your asses.
Social security is a trust fund that we pay into. It is separate from government debt. Elonia is 100% disingenuous, lying for his political purposes. Bastard.
please don't call him that nickname it's transphobic
The example of Elon musk illustrates the perfect solution to SS solvency: charge SSI taxes on all of the billionaires’ income. Musk did call for sacrifice, after all.
My VERY small business is running a surplus. Maybe Elmo thinks it will help with the deficit 🤓
“Super fast.” Because all geniuses use that terminology.
Social Security and Medicare are both seperately funded outside of income tax, GET A REAL LIFE ELON MUSK!
They’re not going to get it passed thru Congress. Mostly their parents are on Social Security and they wouldn’t want to take care of them with any of the Big Salaries they have
What can we do to help?
Yes this needs to be spread far and wide.
Reverse Elon and Bozzo tax breaks and we’ll be much better off
Maybe you should be more concerned about the fact that Twitter is going to go bankrupt.
Be nice if Social Security would allow me to have money.
Also, America can’t go bankrupt. We owe money in a currency we control.
Stealing the SS trust fund has been a Republican objective forever.
So let's cut taxes? That makes like ZERO SENSE
Funny elon doesn’t call out what a small amount of the income is from corporate income tax… I guess it’s easier to attack social programs the majority of Americans are in favor of than think about how little corporations put back into the system?
Sure looks like Corporate Taxes aren't picking up their fair share. Note that payroll taxes are about the same as SocSec and Medicare, which is what they pay for. Cut all those out on both sides and the chart shows corporate taxes need to rise.
We are headed for bankruptcy soon, not because of SS but because that's what Trump does.
Does anyone else find it amusing (troubling) that Elon Musk is mock posting official looking information from a government agency that doesn't exist, as of yet? Not to mention that the data is wrong...
Remember when Bush stole $1.37 trillion dollars from the social security surplus fund to pay for Iraq and tax cuts for the rich and never paid it back? Well WE remember!🤬
Chart suggests to increase corporate taxes first and then individual.
Plus, we can't go bankrupt with a fiat money supply. Now, if the brain trust headed by crypto-bros gets its way and makes digital Beanie Babies our currency, then, yes, we would be able to go bankrupt.
Most people don't understand that after 168,200 you stop paying social security tax that rises every year but someone making $10 million this year pays the exact same dollar amount as someone making $168,200. Remove the damn cap
I would that work? Would people who pay over the current cap receive a higher monthly amount since they are contributing more?
With the added income they could surely raise the amount but I pay property taxes and school taxes and I do not have any children in school nor have I ever so I don't think that is a good barometer to go by. We all pay for things that we don't get the benefit of.
Thats fair. We should probably remove the mirage that SS is somehow earned and just call it welfare for old people.
How is it welfare for old people if they paid into it their whole life? You can't collect social security if you never paid in so calling it welfare makes no sense.
Because they didnt really pay into anything. They paid other people's SS. Now that they are retired, current taxpayers are paying for their SS. Thats taking money from one person and giving to another. Thats welfare.
You pay into social security every single year those dollars are used to fund people who are retiring now but those people also placed money into social security it's not welfare and if you think it is you need a course on exactly what welfare is.
You basically just described welfare right now. You acknowledge its taking money from current taxpayers and giving it to others. I support SS, I dont want to see old people living on the streets, but I am not going to fool myself into thinking its anything but welfare for old people.
It would be welfare if you never paid into it but you did so it's not welfare unless you don't understand what welfare means. This is a stupid conversation.
Just because you paid for other people's welfare, does not mean its not welfare.
Social Security was written as pay-as-you-go. The current workers paid the benefits of the retirees. Then the boomers hit the workforce and SS started pulling in a huge surplus. That went straight into the general fund. Politics happened. US bonds were "owed" to SS instead. So SS holds US debt.
Americans pay for Social Security for their entire working lives. Fuck Elon and the MAGAts who will believe him riggt up to the day Trump ruins their social Security and Medicare.
I need a new name for that lying clown. I was calling him Elmo but I love Sesame Street.
If you posted this on his site it'd get throttled.
Interested to see how you plan to stop him.
How much does the Social Security Fund have out in loans?
After working all my life Social Security is now my income. I am frightened about what might happen.
I'm on SS disability. I will be homeless if they steal my income that I worked years to get before I got sick.
There would be a lot of turmoil.
🙏
Given that Social Security will be giving out more than it’s taking in and that the US guarantees Social Security, then, yes, it is an implicit debt. But I think tax cuts, for billionaires should be accounted for in the same way. Ie., they should be called “tax subsidies”
Notice, he ignores which president/party was responsible for that budget surplus in 2001... how conveeeeenient.
They don't like to mention that part
Reagan agrees! 👍 youtu.be/ihUoRD4pYzI?...
America can literally never go bankrupt. This is all so stupid, and people are stupid because they think governments spending and household spending is the same.
😡
Isn't that just the interest payment for the 2.1 trillion they "borrowed"?
Plus he's actually pointing out we need to tax the rich..
If we've learned anything the last 10 years it's MAGA will believe anything.
Please call your reps and Senator’s offices. You may get voice mail. Pls leave a message. All phone numbers can be found in the links shared. Please pass it on. www.house.gov/representati... www.senate.gov/general/reso...
Our only income in from social security!!!!!!! What will happen to us
They borrowed from ss now they do t want to pay the money back and they want to steal the rest
Plus he’ll skim off the top once he guts it-but how does he even get a say? MTG? Really?
And who's presidency ended in 2001??? Who was responsible for that surplus??? 🤔 Former President Clinton not Bush... Bush burned 🔥 through that surplus... so what is Mr Evils point?
Maybe Bump is setting Leon up to take a big fall 🤣
Look how tiny the corporate income taxes are relative to individual taxes - and bear in mind that the top 1% - which holds half the wealth - do not pay individual taxes. Corporations and wealthy individuals paying their fair share would solve the debt problem.
Don't be fooled by idiot and their lies. We've been here before, and we survived. No one stands so tall as when they stoop to help another.
An unelected foreign billionaire, making decisions for the American people. Thanks, MAGA! I can hardly wait until they eliminate the ACA. My only consolation is that everything they do will hurt red states worse than blue states. Excellent.
It's of no use to him so why should he care.
For someone not to know SSA is in a separate fund is criminal negligence. He is supposed to be brilliant, but he doesn't know that? How does one reform something when he doesn't know how it works? I smell a rat.
imagine if social security was taken out of incomes over $175k.....
Blue Payroll Tax is Pink Social Security and Medicare. If the SS fund is invested as any other retirement plan is, the growth should more than cover any discrepancy, in fact, it should exceed it.
When he says America is heading for bankruptcy, is he projecting? Trump is the king of bankruptcy and he’s tanking Twitter like he’s going to get a high draft pick next season 😂
From the chart, payroll taxes fund SS and Medicare. But those taxes aren't currently sufficient so we are drawing down the trust fund balances. Yes, they aren't adding to the deficit, and we can fix the fund balance by eliminating the income cap on payroll taxes.
Also, deporting millions of undocumented immigrants who pay payroll taxes while not being eligible for benefits will make the problem much worse.
And every RW news outlet will let him continue with these persistent lies. We need a massive billboard campaign along every major highway to blast this stuff he says completely out of the water. Social Security doesn't add a SINGLE PENNY to the debt. Republicans are LYING to you.
If that’s the case then you and every other Republican Millionaire and Billionaire as well as the Churches need to be taxed at a higher rate than the average American citizen!
But sadly people will believe it. He posts a fancy graphic with false stats and he knows no one (within his orbit) will question it. Very sad.
The money coming out of the federal budget to Social Security is interest payments for the money they borrowed out of the Social Security trust account.
🎯that's right.
Truth
Well if anyone knows about bankruptcy it’s tRump. Elmo is great at owning things that lose money because he’s a dope.
He stole that image from here: www.geekwire.com/2023/steve-b... It is a website that ALSO lies about Social Security, incorrectly identifying it as a debt-producing part of the general fund, and it is NOT that. It's 100% paid for and separate.
Forty years of Republican lies about Social Security. They just keep robbing the Trust and not paying it back and lying about it.
That chart is all wrong!
Absolutely - social security is effectively a payment plan for retirement. It's not a broad tax. You don't pay it if you're not working. It cannot be re-allocated.
Ah, NOT! #ElonMusk. That's the EXACT AMOUNT the #LyingAssRepublicans in Congress needs to RETURN to the #SocialSecurity COFFERS. For all the G.D. YEARS they have been siphoning off & stealing from it, to fiance all their BS pet projects. BC this way it wldn't reflect our Nat'l Budgets bottom line! 🤬
Not weighing in on Musk’s BK claim, but SS and Medicare do, in fact, add to our debt. SS and Medicare Part A are drawing down their “trust funds”. Every bond they redeem comes from the US Treasury, which borrows that in the market. And Medicare Parts B, C and D do not have trust funds at all.
All caused by tax cuts!
Well let’s jack up that corporate income tax see what that does
Dumps' entire cabinet is made up of billionaires. They can each pay some and fix it no? I know. That's nuts. It's a shame no one is calling him out on the lies in his graphic. Assistance to individuals? Don't you mean "corporate bailouts"? Also he lumped vets in with defense spending. Sneaky arse.
He’s incapable of understanding taxes or basic economics. Most of what he posts is false and just proves that he’s ignorant and easily mislead.
If they come for SS, Medicare, Medicaid, etc. We do all have to march in the streets. It will leave to death and destruction across this country.