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Btw, privatization is stealing from *you.* You are the public in "publicly owned." Oligarchs are coming in to take the things we all share ownership of as Americans, like Medicare, Social Security, National Parks, PBS and scrapping them for parts they find profitable.
The right is planning to rob us and quite literally want us to thank them for the privilege by calling it "government efficiency."
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November 5, 2025 - MarĂa Corina Machado, the far-right US-backed Venezuelan opposition leader who won the Nobel Peace Prize after constantly calling for the US to invade her country, promised a “massive privatization” if Trump can put her in power. At a recent business conference in Miami she vowed to sell off $1.7 TRILLION of Venezuela's oil, gas, gold, infrastructure, etc. to US corporations. [video]
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Trump's Treasury secretary may not realize that privatizing Social Security isn't the most popular idea.
Trump's Treasury secretary may not realize that privatizing Social Security isn't the most popular idea.
U.S. Treasury Secretary Scott Bessent on Wednesday described the tax bill President Donald Trump signed into law this month as a way of eventually privatizing Social Security.
The law created a new category of tax-advantaged retirement savings accounts for babies, called “Trump Accounts,” that will be initially seeded with $1,000 from the government.
Speaking at an event hosted by Breitbart News, Bessent suggested the accounts could so enamor Americans with the magic of private investing that they will eventually clamor for the privatization of the federal government’s popular old-age insurance program.
“In a way, it is a backdoor for privatizing Social Security,” Bessent said in a widely circulated minute-long clip from the Breitbart event.
Democrats have long accused Republicans of wanting to privatize Social Security, especially after former president George W. Bush proposed doing so in his second term. The idea was so unpopular it helped Democrats retake both the House and Senate in the 2006 midterm elections.
