Tuesday night, Donald Trump stood before the nation and, with the full backing of billionaires like Elon Musk, laid the groundwork for the biggest heist in American history — the rapid, systematic destruction of Social Security, disguised as “reform.” We saw the formal announcement of it during Trump’s State of the Union address, and the DOGE announcement earlier in the week that 7,000 employees at Social Security are to be immediately laid off — with as many as half of all Social Security employees (an additional 30,000 people ) — soon to be on the chopping block. Republicans and their morbidly rich donors have hated Social Security ever since it was first created in 1935.

They’ve called it everything from communism to socialism to a Ponzi scheme. In fact, it has been the most successful anti-poverty program in the history of America , one now emulated by virtually every democracy in the world. But the rightwing billionaires hate it for several reasons.

The first and most important reason is that it demonstrates that government can actually work for people and society: That then provides credibility for other government programs that billionaires hate even more, like regulating their pollution, breaking up their monopolies, making their social media platforms less toxic, and preventing them from ripping off average American consumers. Thus, to get political support for gutting regulatory agencies that keep billionaires and their companies from robbing, deceivin.