Trump says he’ll eliminate Social Security tax next year, should he be reelected — and that would likely mean the end of the federal entitlement system as we’ve known it
President Trump’s memorandum to Treasury Secretary Steven Mnuchin ordering that he suspend Social Security taxes for some employers and their employees for the rest of this year makes no sense if the goal is to offset economic damage from the coronavirus pandemic.
But it makes a lot of sense if it is to undermine Social Security and stir up class and generational warfare, which is clearly the goal of both Trump and his close ally, Stephen Moore, who has railed against the whole idea of Social Security for years.
Step back and look at the big picture — and listen to Trump say that he’ll eliminate Social Security tax next year should he be reelected — and you realize that if Trump prevails, it would likely mean the end of Social Security as we’ve known it. Continue reading.