PRESIDENT TRUMP HAS BEEN MAKING OVER THE COURSE OF THE
LAST YEAR UNSUPPORTED PROMISES TO SUPPORT THE INTEGRITY OF
SOCIAL SECURITY, BUT BERNIE SANDERS IS DOING SOMETHING TO
TRY TO A COMPASS THAT GOAL.
INTRODUCED A BILL DESIGNED TO
MAKE IT SOLVENT FOR ADDITIONAL DECADES.
HE PUT FORWARD THIS
BILL --
THAT IS NOT A LOT PER WEEK OR
MONTH BUT WOULD HELP.
YOU MIGHT
ASK, HOW HE IS GOING TO PAY FOR THE ADDITIONAL MONEY THAT'S
GOING OUT TO THOSE WHO NEED IT MOST --
CURRENTLY THAT IS NOT THE WAY IT WORKS, THERE IS A CAP ON YOUR
CONTRIBUTIONS TO SOCIAL SECURITY ABOVE WHICH YOU DON'T PAY ANY
ADDITIONAL MONEY.
VERY IRRATIONALLY, A LOT OF PEOPLE
THINK IF YOU WANT TO INCREASE SOLVENCY THAT IS HOW TO DO IT,
IT'S ALSO A COMPLETE NONSTARTER ON THE REPUBLICAN SIDE.
LET'S
TALK ABOUT THE STAKES --
THERE IS ALWAYS A NUMBER THROWN AROUND WHERE AFTER THAT
IT COULD PAY OUT 79% OF THE CURRENT AMOUNT -- I HAVE NO IDEA
WHY THAT IS WHAT THEY'VE SETTLED ON WHEN YOU COULD STOP BY YOUR
EARLIER AND PAY A SLIGHTLY HIGHER AMOUNT, IT'S WEIRD BUT
WE'VE JUST AGREED ON THAT AS A CULTURE --
SANDERS' LEGISLATION EXTENDS SOLVENCY THROUGH 2078
ACCORDING TO A STATEMENT BY THE SOCIAL SECURITY ADMINISTRATION.
THIS IS A GREAT EXAMPLE OF WHERE REPUBLICANS HAVE NO
EXCUSE, THEY ARE JUST THE PARTY OF THE RICH.
PERIOD.
BECAUSE THE
PAYROLL TAX IS THE MOST REGRESSIVE TAX THERE IS, IT
APPLIES MORE TO THE POOR AND THE MIDDLE CLASS -- ACTUALLY MAINLY
THE MIDDLE-CLASS -- THAN TO THE RICH.
THAT'S WHY SINCE THE 1950S
THE SHARE OF CORPORATE TAXES HAS GONE FROM ABOUT 30 OR 35% OF ALL
THE TAXES BEING PAID TO ABOUT 10% OF ALL TAXES BEING PAID,
THAT'S HOW THEY RIG THE SYSTEM SO MULTINATIONAL CORPORATIONS
DON'T PAY TAXES ANYMORE, AND THE PAYROLL TAX HAS GONE IN THE
OPPOSITE DIRECTION, A SMALL PORTION OF TAX BEING PAID TO THE
FEDERAL GOVERNMENT, NOW IT'S ABOUT A THIRD OF ALL THE TAXES
COLLECTED BECAUSE IT GOES TO THE MIDDLE CLASS AND NOT THE RICH.
YOU SAY YOU WANT TO PROTECT SOCIAL SECURITY, I HAVE GREAT
IDEAS FOR PROTECTING SOCIAL SECURITY, LET'S CUT IT?
OR MAKE
YOU WORK LONGER AND RETIRE AT A LATER AGE AND IF YOU DIE BEFORE
YOU GET THE BENEFITS, HA HA, I PROTECTED IT?
OR WE COULD JUST
TAX PEOPLE ABOVE 250,000 THE SAME WAY WE TAX ANYONE ELSE FOR
THE PAYROLL TAX, PROBLEM SOLVED.
AND REPUBLICANS WILL FIGHT
TOOTH AND NAIL FOR THE RICH, WITH NO OTHER EXCUSE.
THERE ARE HISTORICAL REASONS FOR ALL OF THIS.
THE REASON THEY
PRESENTED THE WAY THEY DO IS BECAUSE THEY PREFACE IT WITH IF
NOTHING IS DONE.
IF NOTHING IS DONE, IF NO ACTION IS TAKEN, IT
WILL RUN OUT OF MONEY IN 2034, THE NUMBER VARIES A LITTLE BIT
-- THAT'S WHY THEY FRAME IT THAT WAY.
THE REASON WHY IT WAS
CAPPED ORIGINALLY WAS BECAUSE IT WAS SUPPOSED TO BE AN
INSURANCE SYSTEM, A CORRELATION BETWEEN WHAT YOU PAY AND WHAT
YOU GET OUT, THAT'S WHY IT NEVER WENT ALL THE WAY UP.
BUT IT WAS
DESIGNED SO THAT 90% OF ALL INCOME IS SUBJECT TO THE PAYROLL
TAX.
THEY DIDN'T ANTICIPATE THAT MILLIONAIRES AND BILLIONAIRES
WOULD CAPTURE SO MUCH MORE OF THE NATIONAL INCOME THAT
SUDDENLY WE ARE ONLY TEXTING 80 SOMETHING PERCENT.
HISTORICALLY
THEY ARE PLAYING BY THE OLD RULES, KIND OF CHEATING, AS
OPPOSED TO SAYING THERE IS HUGE WEALTH INEQUALITY NOW SO LET'S
LIFT THE CAP.
THAT IS THE REAL REASON TO LIFT THE CAP. AND THEY
SAY SOCIAL SECURITY IS JUST IOUs -- DON'T YOU PAY YOUR IOUs?
ARE
YOU A WELSHER?
YOU WANT TO WELSH ON GRANDMA?
THAT'S OF COURSE WHAT THEY WANT TO DO.
PRESS COULD EXPLOIT A WEDGE IN THE REPUBLIC AND PARTY, PAUL
RYAN'S VISION OF ENTITLEMENT SPENDING IS A SENSIBLY DIFFERENT
THAN TRUMP'S BECAUSE TRUMP RAN HIS CAMPAIGN AT LEAST
RHETORICALLY SAYING HE WOULD PROTECT SOCIAL SECURITY, WHEREAS
THAT IS DIAMETRICALLY OPPOSITE TO WHAT PAUL RYAN HAS BEEN
PROMOTING HIS ENTIRE CAREER, HE KIND OF LIVES TO CUT PROGRAMS,
THAT'S WHAT GIVES HIS LIFE MEANING IN A WAY.
SANDERS HAS
TAKEN THE RIGHT TECH HERE, BY SAYING IF YOU ARE SINCERE IN
YOUR PLEDGES TO PROTECT THESE PROGRAMS I WILL WORK WITH YOU TO
TRY TO DO IT, MAYBE EVEN FIND ADDITIONAL FUNDING, THAT WAY YOU
WILL MAYBE FORCE A DESIRABLE DIVIDE WITHIN THE
REPUBLICAN PARTY.
I JUST WANT TO BACK UP TWO THINGS CENK RAISED -- ONE IS
THAT WE'VE COVERED HOW MANY TIMES THE SHARE OF TAXES BEING
PAID BY CORPORATIONS VERSUS PEOPLE IN VARIOUS WEALTH
QUINTILES -- THE CORPORATE SHARE HAS BEEN GOING DOWN AND DOWN THE
PAST FEW DECADES, THERE IN MIND WE'VE ALSO COVERED THE DETAILS
OF TRUMP'S PROPOSED TAX PLAN DURING THE CAMPAIGN WHERE HE
WOULD CUT CORPORATE TAXES BY TWO THIRDS.
SO EXPECT THAT IF HE
GETS AWAY WITH THAT, THAT SHARE WILL EFFECTIVELY GO DOWN TO
NEARLY NOTHING.
AND CENK MADE REFERENCE TO THE REPUBLICAN
ALTERNATIVE TO BERNIE'S PLAN, THE IDEAS THEY ARE OKAY WITH,
AND THESE ARE NOT OUR STRAWMAN VERSION OF WHAT THEY WANT --
THOSE ARE TWO DIFFERENT APPROACHES YOU CAN TAKE.
YOU CAN
INCREASE THE BENEFITS TO THOSE WHO ARE WORSE OFF, YOU COULD DO
THAT THEORETICALLY, BUT IN SO DOING YOU DO HAVE TO TAX THE
WEALTHIEST PEOPLE A LITTLE BIT, AND THAT IS BAD BECAUSE IF YOU
WERE TO TAX THEM A LITTLE BIT MORE THEY WOULD STILL ONLY HAVE
A BETTER STANDARD OF LIVING THAN ANY OTHER HUMAN IN THE HISTORY
OF OUR SPECIES -- OR YOU COULD MAKE PEOPLE WAIT A COUPLE
MORE YEARS WHEN THEY RETIRE AND GIVE THEM LESS MONEY EVERY
MONTH FOR THE REST OF THEIR LIFE.
THAT MEANS TESTED IDEA COMES FROM THE CONCORD COALITION AND
THE KOCH BROTHERS WHO WHEN THEY INITIALLY DRAFTED THE PROPOSAL
SAID WHAT YOU THINK IS THE LEVEL OF WEALTH WHERE WE SHOULD START
CUTTING IT?
THEY SAID AN AVERAGE INCOME OF $20,000 A YEAR.
SO
WHEN THEY SAID CUTTING IT FOR RICH PEOPLE THEY REALLY MEAN
CUTTING IT FOR EVERYBODY.
AND NUMBER TWO, DON'T FORGET
MULVANEY, TRUMP'S PICK FOR THE DIRECTOR OF THE OFFICE OF
MANAGEMENT AND BUDGET, WHO IS ON RECORD SAYING WE HAVE TO END
MEDICARE AS WE KNOW IT, AND ON RECORD AS RAISING THE AGE,
THINKING IT'S A GOOD IDEA TO RAISE THE AGE OF SOCIAL SECURITY
OR CUT ENTITLEMENTS IN SOME OTHER WAY.
EVERY YEAR THEY RAISE THE RETIREMENT AGE COST YOU TENS OF
THOUSANDS OF DOLLARS.
IT IS THE GREATEST ROBBERY IN AMERICAN
HISTORY.
EVERY TIME THEY RAISE THE AGE.
THAT IS MONEY YOU WILL
NEVER GET BACK.
AND THAT MONEY -- THEY CALL IT SAVING $14
TRILLION -- WHO IS SAVING IT?
THE RICH ARE, IT'S GOING TO
THEM.
I WANT TO END ON THIS IDEA WHICH IS WHAT MICHAEL STARTED
WITH -- THEY SAID BERNIE SANDERS WAS IMPRACTICAL.
THAT WAS THE
MAIN CHARGE AGAINST HIM BY DEMOCRATS IN THE PRIMARIES.
HE
DOESN'T KNOW HOW TO GET THINGS DONE POLITICALLY.
ARE YOU
KIDDING?
THIS IS THE MOST SAVVY, PRACTICAL POLITICAL MOVE THERE
IS.
HE MAKES THIS DISTINCTION CLEAR.
IF YOU WANT TO RAISE THE
RETIREMENT AGE AND YOU GET LESS MONEY WHEN YOU RETIRE, VOTE WITH
REPUBLICANS.
IF YOU LIKE SOCIAL SECURITY AND WANT TO PROTECT IT
AND GET A LITTLE MORE MONEY, VOTE WITH DEMOCRATS.
IT IS THE
MOST POPULAR PROGRAM IN AMERICAN HISTORY.
IT POLLS THAT OVER 80%,
ROUGHLY 84% POPULARITY.
BERNIE SANDERS HAS JUST CLARIFIED THAT
REPUBLICANS ARE AGAINST 84% OF AMERICAN PEOPLE.
THAT IS
PRACTICAL, THAT'S GOOD POLITICS, THAT'S HOW YOU WIN.
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