Elon Musk addressed the Social Security Administration as the “biggest Ponzi scheme of all time” on The Joe Rogan Experience, which caused the remaining to freak out. The Tesla businessman claimed that the system is instable and will only “much worse” the country’s economic future.
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In a post on X, newly-elected DNC president Ken Martin said,” Elon, let me clarify this to you.” ” Social Security helps millions of seniors in America avoid hunger. You’re a businessman, and you’ll always have it. Purchase scam is a type of a Ponzi scheme. And who is more knowledgeable than you about being a fraudulence?”
Sen. Chuck Schumer (D-N) blasted the 80 million Americans who worked hard to earn Social Security and relied on their rewards to deny that it was a Ponzi scheme. Y. ) Liberals did battle ferociously to defend Social Security.
Sen. Patty Murray (D-Wash. ) opined that” social security is not a Ponzi scheme; it’s a promise that every American pays into so they can retire with dignity.” Show Elon Musk to keep his hands off social protection, and get quiet.
” This person has a sap on the people,” he said. No matter how much money he receives in state contracts and tax breaks, it will never suffice, lamented Rep. Alexandria Ocasio-Cortez (D-N). Y. ). He is now targeting the old, the disabled, and orphans so that he can get paid less in taxes for himself. It’s repulsive.
Was Musk a threat to the old? Of course no. They probably didn’t even understand why Social Security is a Ponzi program, according to Musk.
Of course, a Ponzi scheme is a deceptive purchase scam where earlier investors receive returns from older investors rather than legitimate profits. When new purchases dried up, it falls apart.  ,
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The Biden presidency should have made a million dollars to the Taliban and fought back!
Social Security is structured on a pay-as-you-go schedule, with current employees ‘ payroll taxes funding the benefits of existing retirees. To preserve stability, which is very similar to a Ponzi system, which also relies on new investors to provide results to previous ones, this structure depends on a steady influx of new workers. The main distinction, of course, is that Social Security is a system administered by the government. Despite these similarities, socioeconomic swings, such as a longer life expectancy and fewer births, have made it harder for workers to support retirees, straining the system’s viability. Without changes, Social Security will unavoidably struggle to fulfill its upcoming commitments, a sign that Ponzi schemes have an ulterior decline.
And that’s precisely Musk’s argument.
According to Musk,” Social Security is the biggest Ponzi system of all time.” People make checks into Social Security, and the income leaves quickly. However, your full retirement occupation is tied to Social Security.
Musk claims that math is essentially insufficient. He warned that Social Security’s coming obligations far outweigh the country’s debt, adding that they will likely exceed its tax revenues.
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Have you ever examined the loan balance? He inquired. ” There is our present-day debt, but there are also our future duty.” But when you consider Social Security’s upcoming obligations, the actual federal debt is roughly twice what people believe it to be because of future obligations.
Musk also cited a statistical issue that is bringing about the issue. In essence, he told Rogan,” People are living significantly longer than expected, and there are fewer babies born, so you have more retired people who live longer lives, receive retirement payments, and more people who are retired.”
In an interview with Joe Rogan, Elon Musk described Social Security as” the biggest Ponzi scheme of all time.” photograph. twitter.com/gCrDPLM15uMarch 1, 2025 — More Perfect Union ( @MorePerfectUS)
Progressives have ignored this alert for ages, not an assault on the recipients of Social Security; rather, it points out how the system is spiraling toward insolvency.
