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Treasury Secretary Scott Bessant revealed the Trump admin's plan to privatize social security. Ana Kasparian discusses on The Young Turks. Do you agree with TYT's take? Tell us what you think in the comments below.
CHAPTERS:
0:00 Bessant says the quiet part out loud
1:00 Trump savings accounts
5:15 Bessant walks back his claim
"The newborn savings accounts created as part of President Donald Trump’s massive new tax and immigration law are a “back door for privatizing Social Security,” Treasury Secretary Scott Bessant said Wednesday.
The “Trump accounts” enacted as part of the One Big Beautiful Bill give newborns a $1,000 savings account that can be invested with tax-deferred treatment. Families or their employers can make $5,000 contributions to the accounts each year until the beneficiary turns 18."
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