politics @lemmy.worldEnglish · 1 day ago

Elon Musk calls Social Security ‘the biggest Ponzi scheme of all time’

www.huffpost.com

cross-posted to:
news@thelemmy.club

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Elon Musk calls Social Security ‘the biggest Ponzi scheme of all time’

www.huffpost.com

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politics @lemmy.worldEnglish · 1 day ago

cross-posted to:
news@thelemmy.club

Elon Musk Calls Social Security 'The Biggest Ponzi Scheme Of All Time'

www.huffpost.com

The tech billionaire argued Friday on "The Joe Rogan Experience" podcast that one of America's most enduring social safety nets is an insidious ploy.

Summary

Elon Musk called Social Security a “Ponzi scheme” on “The Joe Rogan Experience,” claiming it’s unsustainable due to long-term obligations exceeding tax revenue.

Critics, including Sen. Bernie Sanders, accused him of pushing privatization to benefit the wealthy. Musk also made false claims about Social Security mispayments.

His comments come amid looming Social Security cuts and restructuring. The Social Security Administration warns of potential fund shortages by 2035.

Democrats advocate for raising the tax cap on high earners to strengthen the program.

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GreenBottles@lemmy.world
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It’s one of the most popular social programs in American history. It’s also OUR FUCKING MONEY ELON.
- WraithGear@lemmy.world
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  Popular… except i have grown up being told that ss was something i paid into but would not be available for me.

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