Musk Calls Social Security a Ponzi Scheme: Outrage Erupts Over Attack on Retirement Benefits
Elon Musk, on Joe Rogan’s podcast, labeled Social Security a “Ponzi scheme,” claiming its future obligations exceed tax revenue and citing increased lifespans. This assertion, echoing conservative viewpoints, contrasts with Democratic proposals to shore up Social Security by removing the tax cap on high earners. Musk’s statement, however, included unsubstantiated claims about millions of deceased individuals receiving benefits. His remarks drew widespread criticism, with many arguing his intention is to privatize and dismantle the program, which keeps millions of seniors out of poverty.
John Q. Hosedrinker