Risky Business

One might wonder why it is that Evangelical Reactionary Radical Retrograde Right Wingnuts wish so much to kill SS, Medicare, and Medicaid? I mean, they are Christians right? Succour the poor and all that? I mean, other than just pure cruelty, what's in it for the Oligarches? Cruelty is Good, but Moolah is better!!

So, the answer is as obvious as the nose on your face: risk. In particular, shifting as much as possible from Uncle Sugar, who can handle it; if He wants to. There was lots of bleating when the Bond Vigilantes went to work when Mad Dictator Don went total batshit with his 'foreign countries pay the tariffs, so let's make them pay more'. Except, of course, Batshit J. Moron is just that. Seems to have been playing that tune in his head for about 4 decades. Instant Great Trumppression is something not even the ball-less Congresscritters will tolerate. The Right Wingnut talking heads pooh-poohed the plain fact that household investment assets took it in the neck. 401(K) and such. 65 year olds bleating that they can't retire, since they don't have (with the death of unions) defined benefit retirement plans. Gone the way of the dodo. Just some moolah socked away in melting 401(K).

So, what's in it for the oligarches? Well... follow the money. If SS disappears, what's a middle class unit to do? Why, jump into the stock market with both feet!! All that free moolah for brokers and such. Imagine the Chrismas Goose of the SS trust fund nest egg out there to be pillaged by them guys. Guess how much it amounts to today? A little bit, just $2.8 Trillion Bongo Bucks. Imagine the brokerage industry getting its hands on that? Boy howdy!! They'll fleece tens of millions of retail plungers out of that in no time!! Yessirree Bill.

There's a reason civilized countries have pensions financed and run by the Damn Gummint. And it's simple: investing intelligently takes a lot of time, a lot of specific knowledge, and, most of all, a stock pile of Bongo Bucks so that Mr. Jones and family can reliably pack it in for retirement knowing that the expected Bongo Bucks will flow as promised even if there's a Trumppression. Not so much if Mr. Jones, who's just a bare assed plumber, has no real stock pile. If there's a Trumppression, Mr. Jones and his family are shit out of luck. The oligarches have gotten away with Mr. Jones' nest egg. "We're so sorry the market crashed, but we had nothing to do with it, and we decided to keep your moolah. Have a nice day."