- cross-posted to:
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- cross-posted to:
- [email protected]
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.
“My defense?” “The bad guys?” You’re being very adversarial, and I’m not sure why you keep trying to make me your enemy. Posting on Lemmy isn’t good for anything except venting, and if you want to be a keyboard warrior you should find a community where conservatives gather. You still won’t be doing anything productive, but at least Lemmy will be a little more peaceful.