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- cross-posted to:
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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.
Is it possible that every single day I wake up, open Lemmy and get new outraging bullshit from this fantastic duo? Where they get those insane ideas? Don’t they get tired? Go to play golf or so
They’re not new. The Reich Wing has been saying this for decades, ever since Reagan started taking an ax to the program.