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.
Lol Bro doesn’t know what a Ponzi Scheme is
He doesn’t know what almost anything really is, despite all the bullshit he spouts. He’s the human embodiment of the Dunning Kruger effect.
The entire stock market is basically a ponzi scheme.
Push pensions, 401k, 529, HSA money into one spot and then rug the whole market every few years.