Thursday, October 20, 2016
Clinton might gut social security
This is a frightening article. While Clinton keeps saying in public that she wants to expand social security, a leaked Podesta email from Tony James, Blackstone CEO, proposes getting rid of social security and implementing mandatory retirement accounts. The accounts would be managed by Wall Street banks for their usual usurious fees. And we know what said banks did to retirement accounts like the 401k in the past. And there are currently no laws that require said investment advisors to operate for the benefit of the investor. This is really fucked up.