Episode

5/13 Social Security: You’ve Been Lied To w/ Teresa Ghilarducci

May 13, 2024

socHappy Monday! Sam & Emma host Teresa Ghilarducci, director of the Schwartz Center for Economic Policy Analysis (SCEPA) at The New School, to discuss her recent book Work, Retire, Repeat: The Uncertainty of Retirement in the New Economy. First, Sam and Emma run through updates on the State Department’s Leahy Law report, the contradictory evacuation orders coming out of Gaza, internal dissent in the Biden Administration, Trump-Biden polling, Trump’s legal woes, Katie Britt, labor action, and Nancy Mace, also diving into the Biden Administration’s changing position on Israel’s war. Teresa Ghilarducci then joins, diving right into the recent report on Social Security trust’s longevity, and unpacking the myths of the US’ supposed “retirement crisis,” before exploring why the incredible low-end wage growth and robust employment of the post-2020 US economy has proven to be the best formula for funding any retirement system. Next, Ghilarducci steps back as she, Sam, and Emma walk through the primary issue facing Social Security’s funding: the $168k income cap. Teresa parses through how this cap cuts off vast quantities of income in the US from the reaches of Social Security, with folks like Elon Musk covering their yearly payment before January 1st is half over, the additional source of income of capital gains revenue that remains untouched by Social Security, and the minimal impact that eliminating either of these restrictions would have on economic activity. After an extensive conversation on the shift in US retirement from defined benefit plans to defined contribution plans, how that change shifted the risk on the shoulders of the employees, and why employers have such a drastically better capacity to handle said risk, Ghilarducci tackles the false narrative around the state of retirement age and labor in the US, and wraps up with the central elements of her “Grey New Deal” plan to reaffirm the value of the US labor force.

And in the Fun Half: Sam and Emma discuss the gaping Candace Owens-sized hole in the Daily Wire’s newest production, Lindsay Graham discusses nuking Gaza, and watch a Zionist Joe Scarborough get put in his place by his father-in-law over the Oslo Accords. They also watch Kowalski from Nebraska discuss his Senate campaign live on KETV, tackle Trump’s return to his roots (lying about his crowd size), and listen to Tim Pool discuss the negatives (calls the Bible antisemitic) and positives (calls the Quran antisemitic) of the US’ new Antisemitism bill, plus, your calls and IMs!

Check out Teresa’s book here: https://press.uchicago.edu/ucp/books/book/chicago/W/bo212888995.html

Become a member at JoinTheMajorityReport.com: https://fans.fm/majority/join

Help out the state of Utah by telling them what you see in public bathrooms here!: https://ut-sao-special-prod.web.app/sex_basis_complaint2.html

Check out Seder’s Seeds here!: https://www.sedersseeds.com/ ALSO, if you have pictures of your Seder’s Seeds, send them here!: hello@sedersseeds.com

Check out this GoFundMe in support of Mohammed Nasrallah, whose family is trying to leave Gaza for Egypt: https://www.gofundme.com/f/help-mohammed-nasserallah-and-family-go-to-egypt

Check out this GoFundMe in support of Mohammad Aldaghma’s niece in Gaza, who has Down Syndrome: http://tinyurl.com/7zb4hujt

Check out the “Repair Gaza” campaign courtesy of the Glia Project here: https://www.launchgood.com/campaign/rebuild_gaza_help_repair_and_rebuild_the_lives_and_work_of_our_glia_team#!/

Check out StrikeAid here!; https://strikeaid.com/

Gift a Majority Report subscription here: https://fans.fm/majority/gift

Subscribe to the ESVN YouTube channel here: https://www.youtube.com/esvnshow

Subscribe to the AMQuickie newsletter here: https://am-quickie.ghost.io/

Join the Majority Report Discord! http://majoritydiscord.com/

Get all your MR merch at our store: https://shop.majorityreportradio.com/

Get the free Majority Report App!: http://majority.fm/app

Check out today’s sponsors:

Nutrafol: Take the first step to visibly thicker, healthier hair. For a limited time, Nutrafol is offering our listeners ten dollars off your first month’s subscription and free shipping when you go to https://Nutrafol.com and enter the promo code TMR. That’s https://Nutrafol.com, promo code TMR.

Henson Shaving: It’s time to say no to subscriptions and yes to a razor that’ll last you a lifetime. Visit https://HENSONSHAVING.com/MAJORITY to pick the razor for you and use code MAJORITY and you’ll get two years’ worth of blades free with your razor–just make sure to add them to your cart.

Follow the Majority Report crew on Twitter:

@SamSeder

@EmmaVigeland

@MattLech

@BradKAlsop

Check out Matt’s show, Left Reckoning, on Youtube, and subscribe on Patreon! https://www.patreon.com/leftreckoning

Check out Matt Binder’s YouTube channel: https://www.youtube.com/mattbinder

Subscribe to Brandon’s show The Discourse on Patreon! https://www.patreon.com/ExpandTheDiscourse

Check out Ava Raiza’s music here! https://avaraiza.bandcamp.com/

The Majority Report with Sam Seder – https://majorityreportradio.com/

Past Episodes

It's News Day Tuesday! Sam and Emma speak with Ian Millhiser, senior correspondent at Vox, to discuss some of the oral arguments going on in front of the Supreme Court this week. First, Sam runs through updates on South Korean President’s declaration of martial law, Israel’s myriad violations ...
It's ESVN Week #107! Emma and Bradley break down a strange week of NFL action after the Thanksgiving break! Follow Emma and Bradley on Twitter: @EmmaVigeland @BradKAlsop Check out Ava Raiza's music here! https://avaraiza.bandcamp.com/
Happy Monday! Sam and Emma speak with Rick Perlstein, historian, writer at The American Prospect, and author of his most recent book Reaganland: America's Right Turn 1976-1980. But first, they run through updates on Joe Biden’s pardoning of Hunter, Trump’s developing cabinet, Israel’s ethnic ...