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.
Yeah, that would be the last nail in the coffin of me ever being able to retire so I’d have nothing left to live for at that point and I would be able to dip into enough savings to make myself a problem.
Remember, when they say Musk is a “”“Billionaire Genius”“”, THIS is who they’re talking about. A raging Ketamine addict with a massive ego problem.