Breitbart Business Digest: Debunking the Fake Populist Case Against Social Security

Breitbart Business Digest: Debunking the Fake Populist Case Against Social Security


Americans Are Not ‘Total Boomer Luxury Communists’

A curious argument has emerged in a small but loud corner of the right: that Social Security represents “total boomer luxury communism” that it must be cut to save America from generational plunder. The thesis, articulated in a recent American Mind piece (and reprinted in The Free Press), frames Social Security as an unsustainable Ponzi scheme where boomers vote themselves benefits at the expense of younger workers and genuine capital formation.

There’s just one problem: actual Americans—including actual conservatives and younger Americans—think Social Security benefits are too low, not too high.

A protester demonstrates against a Bush administration plan to privatize Social Security on June 18, 2001, in New York City. (Spencer Platt/Getty Images)

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