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.

  • Ajen@sh.itjust.works
    2·
    5 hours ago

    You’re making a strawman argument. I never said social security couldn’t (or shouldn’t) be saved. Not did I argue that the Republicans aren’t at fault for its problems. Obviously raising taxes to increase the amount of money going in to social security would fix the budget issues.

    Your posts give a real “old man yelling at clouds” vibe

    • Snapz@lemmy.world
      2·
      5 hours ago

      Your posts give a real “Publicly arguing technicalities for the sake of it in furtherance of the downfall of modern society on behalf of oligarchs with an end game to kill off poor people and refine their bodies into biodiesel” vibe.

      You don’t seem to understand that your lack of that stated context of good or bad alongside your defense is very telling. Quit doing work for the bad guys, or if you continue, have the balls to openly count yourself among their ranks.

      • Ajen@sh.itjust.works
        1·
        4 hours ago

        “My defense?” “The bad guys?” You’re being very adversarial, and I’m not sure why you keep trying to make me your enemy. Posting on Lemmy isn’t good for anything except venting, and if you want to be a keyboard warrior you should find a community where conservatives gather. You still won’t be doing anything productive, but at least Lemmy will be a little more peaceful.