and now they’re coming for your Social Security money. They want your retirement money. They want it bad so they can give it to their criminal friends on Wall Street, and you know something? They’ll get it. They’ll get it all from you, sooner or later, 'cause they own this fucking place. It's a big club, and you ain’t in it. You and I are not in the big club - George Carlin: The Real Owners ...
And now, Wall Street is making it's play to make it happen, aided and abetted by the Orange Turd residing in the White House.
The Trump administration is pushing dramatic changes to the American retirement system that will benefit Wall Street but push average citizens into plans that are riskier, less profitable, and loaded with high and hidden fees.
In the past two months, the Trump’s Labor Department has introduced two pending changes to deregulate vulturous private equity firms and multi-trillion dollar retirement managers like Vanguard, Fidelity, and BlackRock. A third proposed change would restrict retirement investments with an underlying environmental, social, or governance mission — mainly to boost the struggling fossil-fuel industry.
If finalized, the result will be death by a thousand cuts to Americans’ diminished retirement nest egg, amounting to an all-out Wall Street looting of American retirement.
Pushing this through is Secretary of Labor Eugene Scalia — son of the late Supreme Court Justice Antonin Scalia
George Carlin was right. They want it bad.
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