Gutting SS

The ONLY reason companies want to get rid of SS has to do with simple economics: Companies pay half for Social Security while employees pay the other half. Companies want to ditch everything for employees in order to increase their profit margin.

That's the real reason companies largely abolished their pensions, thanks to a loophole in ERISA, in favor of the worthless 401(k)s. It was a cost shift for companies to put all of the risk of having pensions on the employees. Employees were conned into believing they would take "control" of their retirement when in fact mostly of what they were offered in these "plans" were utter junk, and they would have to be very affluent to begin with to even put away enough money for retirement.

So now companies want to get out of paying into a social insurance program designed to prevent people spending their final years in complete destitution. We have politicians who are hellbent on ruining it because they haven't a clue why the programs were there to begin with.