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.

  • Wispy2891@lemmy.world
    2·
    10 hours ago

    Is it possible that every single day I wake up, open Lemmy and get new outraging bullshit from this fantastic duo? Where they get those insane ideas? Don’t they get tired? Go to play golf or so

    • ubergeek@lemmy.todayEnglish
      1·
      3 hours ago

      Where they get those insane ideas?

      They’re not new. The Reich Wing has been saying this for decades, ever since Reagan started taking an ax to the program.