John,

Michael Bloomberg wants to buy his way into the White House.

In the first week after he announced his run for President, he’s spent more on TV ads―an estimated $23.7 million―than the other sixteen Democratic candidates combined.

As the 2020 Presidential field has pushed for economic justice, promoting policies to level the playing field like a wealth tax, Medicare for All, student debt cancellation, and expanding our Social Security system, the billionaires are ready to strike back.

A speech Bloomberg gave in 2011 shows his support for cutting our earned benefits:¹

"Already, Social Security is the greatest transfer of wealth in the history of the world […] The sooner we address this problem, the more gradually we can phase in changes. By making modest adjustments to future benefits now, by slowly and gradually phasing in a higher retirement age over the next six decades, and by adopting the Bureau of Labor Statistics’ more accurate measure of the Consumer Price Index, known as the Chain Weighted CPI."

What’s missing from Bloomberg’s remarks? Making the wealthy pay their fair share into Social Security―something nearly all of Bloomberg’s Democratic opponents support.

Here’s the truth: If the wealthiest pay in at the same rate as the rest of us, we can afford to expand our Social Security system. With risky 401ks having replaced most pensions, and private savings squeezed out by runaway medical and education costs, future generations will be even more reliant on their Social Security benefits. That’s why the same billionaires who want to cut our earned benefits are trying to buy the Presidency, and that’s why our movement is so important.

Social Security Works is ready to hold accountable any candidate who wants to cut our earned benefits. Chip in $7to help launch our campaign!

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Thanks,

Michael Phelan
Social Security Works

¹ http://www.economicpopulist.org/content/michael-bloomberg-possible-run-president-would-gut-social-security-5908