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.

  • just_another_person@lemmy.world
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    1 day ago

    It’s not a Ponzi Scheme when there’s nobody standing to profit you dumb fucking idiot fuck. It’s been getting funded for almost 100 years, and has only recently been under fire by assholes like you who accumulate wealth and remove it from being eligible for such a social safety net. Now you’re worried we’re coming for yours and Rogan’s money to fund it, and we will.

    Y’all need to stop listening to these morons pal around and podcasts. They mean to harm you and your families, and take away the already middling social programs that benefit you, not them.

    • athairmor@lemmy.world
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      1 day ago

      “If I’m not getting rich off it, someone else is.”

      That’s how conservatives, from the rich to the poor, see the world.

    • errer@lemmy.world
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      1 day ago

      It’s not just recently, conservatives have been threatening social security for decades.

    • Mac@mander.xyz
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      1 day ago

      Only recently?

      Biden attacked social security in the 90s.