Secure Your Future | Weekly Business Briefs w/ Martin Perdomo

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Social Security recipients finally have reason to celebrate. The SSA has dramatically changed course on its overpayment recovery approach, moving from the potential withholding of 100% of benefits to a default of just 10%. Commissioner O'Malley calls it a step toward "fairness and compassion" – but for millions of Americans who rely on these payments, it represents the difference between stability and financial disaster. This policy shift brings immediate relief, allowing those currently missing payments to request the reduced rate and restore their financial footing.

Former President Trump has sparked a constitutional debate with recent remarks questioning whether people in the United States are entitled to due process. When discussing immigration enforcement, Trump highlighted the practical impossibility of providing individual hearings for millions of people, suggesting it would take "340 years" to process everyone. While his comments point to real logistical challenges, they've prompted serious concerns from legal experts about fundamental rights. The real-world impact is already evident, with reports of hardworking individuals being deported for minor traffic violations – highlighting the complex balance between enforcement efficiency and constitutional protections.

Meanwhile, OpenAI has confirmed it will maintain its unique structure with nonprofit board oversight despite impressive financial growth. The company generated $2 billion in revenue last year and projects doubling that by 2025, yet remains committed to its capped profit model that allows investors substantial returns while prioritizing safety. Their new "preparedness framework" introduces stricter evaluation protocols and risk assessment processes for AI models, demonstrating a commitment to responsible innovation as the technology grows increasingly powerful. These developments reflect OpenAI's attempt to balance profitable growth with ethical guardrails in an industry facing mounting scrutiny.

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Episode Transcript

Speaker 1 (00:00):
Welcome back to Wealthy AF Business Brief, where
we break down the latestbusiness and economic trends
that impact your investments andentrepreneurship journey.
I'm your host, the leadstrategist, martin Perdomo, and
today we've got three majorstories making headlines, so
let's dive right on in.
The Social SecurityAdministration is changing

(00:21):
course on how it recoversoverpaid benefits.
Until now, the agency couldwithhold 100% of beneficiaries'
monthly payment to recoupoverpayments often caused by
internal errors.
This policy left manyrecipients, including retirees
and disabled Americans, with noincome.
Under the new rule, the SSAwill default to withholding just

(00:44):
10% of monthly benefits unlessa higher rate is requested.
Commissioner Martin O'Malleycalled the change a step towards
fairness and compassion.
This shift not only reflectsgrowing political and public
pressures, but also impactsfinancial planning for millions
who rely on these paymentsmillions who rely on these

(01:07):
payments.
The change applies immediatelyand beneficiaries already
subject to withholdings canrequest the reduced rate,
beginning bringing relief and abit more stability to their
financial lives.
So if you're listening to thisand you know someone that's
getting crushed by socialsecurity because of a mistake
that they did and they're notgetting their social security
checks, make sure you pass thisinformation on to them

(01:28):
immediately and so that they canmake the request so that they
can start getting payments again.
This is really really good newsfor the American people, for
those on Social Security Next up, president Donald Trump is once
again making headlines, thistime time not just for policy,
but for remarks that are raisingeyebrows.
In a recent interview, trumpsaid he was unsure whether

(01:50):
people in the US are entitled todue process when asked about
how his proposed immigration andsecurity measures would affect
constitutional rights.
It's a comment that's drawnimmediate reaction, particularly
from legal experts and civilrights groups.
Though it's unclear whether thecomment reflects a change in

(02:10):
policy thinking or just rhetoric, it has already reignited
debate about the balance betweennational security and
individual rights.
So we'll have to see.
So we'll have to see.
And actually, what he said washe actually said that these
people are illegally, illegalcriminals and illegal immigrants
, and you had 20.

(02:31):
I saw the interview and you had21 million illegal immigrants,
or some are criminals.
If you, if each one required ahearing, it would take 300, and
each hearing was two weeks.
It would take 340 years to getdone, which, in a way, does make
sense.
However, there needs to be abalance for this, and I recently

(02:55):
know of some guys werehardworking guys that recently
got deported.
Guys that are here doing workrecently got deported for a
minor traffic violation.
So this policy is are affectinggood working people in our
country and, at the same time,it had to be done because we

(03:18):
have a lot of criminals thatwere breaking the law in our
country and, unfortunately,along with it, we're going to
see some good people get caughtup.
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(03:41):
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Now back to the updates.

(04:22):
Open.
Ai, the company behind chat gpt, has confirmed it will remain
under control of the nonprofitboard while undergoing internal
restructuring.
This follows a month-longreview and the brief but
dramatic ousting of CEO SamAltman in November 2023.
Despite generating $2 billionin revenue in 2023 and

(04:47):
projecting that to double by2025, to double by 2025, openai
will continue operating underits capped profit model,
allowing investors up to 100xreturns while maintaining board
oversight Crazy.

(05:16):
As part of this shift, openai islaunching a preparedness
framework framework to managerisk from increasingly advanced
ai.
This includes a safety advisorygroup, stricter evaluation
protocols and a formal riskinformed development policy, all
aimed at deciding whetherpowerful new models are safe for
release.
The changes underscore openAI'spush to match rapid innovation
with strong governance amidgrowing scrutiny for regulators

(05:40):
and the public.
Well, that's it for today'sbusiness brief.
As always, stay sharp, stayinformed to keep your business
ahead of the curve.
Thank you for tuning in andwe'll see you next week with
more insights, updates from theworld of finance and economics.
Appreciate you being here.
Peace out.