Robert Reich Eviscerates Right-Wing Lies on Social Security and Explains Why It Should Be Expanded (VIDEO)
For the past 30 years, scores of conservative and centrist think tanks, pundits and propagandists have worked hard to convince people that Social Security is "running out of money" and that in order to "save" it we must cut benefits or raise the retirement age. Like most right-wing "starve the beast" approaches, the assault on our social safety net is based on a mixture of misinformation, scare tactics and downright shoddy math.
To counter this and other far-right memes, Robert Reich, in partnership with MoveOn.org, has created a series of pretty cool explainer videos that do a great job breaking down why so much of our economic conventional wisdom is wrong. In the latest video, Reich explains why getting rid of the cap on Social Security taxes—a feature that has billionaires paying the same Social Security taxes as someone making $118,000 a year—is a long-overdue corrective that can not only preserve Social Security but radically expand and improve it.
Check out the video below and share the next time someone hysterically insists Social Security must be gutted to save it.