John,

The billionaire Koch brothers have launched their latest assault on our Social Security system, funding a project to push Americans back toward privatization.

It’s because of the success of our movement to expand Social Security that the Kochs are investing in a counternarrative. It’s up to us to keep up the pressure and continue sharing the truth about Social Security: That it WORKS.

We’ve got a plan to smother the latest Koch campaign before it even starts. Pitch in $5 to EXPAND, never cut or privatize, Social Security.

The Koch brothers are putting the muscle of FreedomWorks (the astroturf group behind the Tea Party) behind Stephen Moore―the architect of Trump’s tax scam, and failed nominee to the Federal Reserve. Moore recently wrote an op-ed in the Wall Street Journal calling for the creation of “Private Social Security Accounts.”

In his op-ed, Moore himself wrote: “To be sure, the stock market is risky and highly volatile in the short term, as tens of millions of Americans discovered painfully during the Great Recession.”  

That is exactly why privatizing Social Security would be a disaster. Why on Earth would we want to turn our earned benefits over to Wall Street bankers who have shown time and time again that they are guided by greed?

Private accounts break the fundamental promise of Social Security: It is an earned benefit that we can all count on, not something we each hoard for ourselves. And switching to a private system robs current retirees and soon-to-be retirees by removing the FICA contributions that fund the system now. Privatized Social Security is just a bad idea―that’s why we beat it in 2005, and we’ll beat it again.

Chip in $5 to beat the Koch brothers’ zombie plan to destroy Social Security.

Thanks,

Michael Phelan
Social Security Works