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Elon Musk accurately characterizes social security as a Ponzi scheme in front of an audience of 11 million listeners.
The social security Ponzi scheme is expected to begin becoming financially insolvent in the 2030's and it is speculated trump may replace it with the newly created US Sovereign State Fund, which will operate as a sane, reasonable investment and retirement vehicle for the country.
Democrats begin knee jerking since they don't understand finance as all of them are either broke and have never handled money, or got rich through corruption of public office.
https://www.newsweek.com/elon-musks-social-security-remark-rebuked-alexandria-ocasio-cortez-2038384
Elon Musk's Social Security Remark Rebuked by Alexandria Ocasio-Cortez
Elon Musk called Social Security "the biggest Ponzi scheme of all time" during an interview with podcaster Joe Rogan released on Friday, drawing criticism and warning from Democrats, including Representative Alexandria Ocasio-Cortez of New York.
Social Security is a federal program that provides retirement, disability, and survivor benefits to eligible workers and their families.
Although President Donald Trump has pledged not to cut Social Security, some skeptics remain concerned he may reconsider, especially given the recent involvement of his close adviser Musk, and his Department of Government Efficiency (DOGE) task force digging into federal agencies to root out waste, fraud and abuse.
The SSA, which started in 1935, faces a funding crisis that could leave the program unable to pay full benefits by the mid-2030s.
In a Friday episode of the Joe Rogan Experience, a podcast with around 11 million listeners, Musk told Rogan that the federal government is "one big pyramid scheme," and called Social Security "the biggest Ponzi scheme of all time."
Pyramid and Ponzi schemes are fraudulent financial models that deceive new participants, relying on recruitment or fresh investments rather than generating legitimate profits.
The social security Ponzi scheme is expected to begin becoming financially insolvent in the 2030's and it is speculated trump may replace it with the newly created US Sovereign State Fund, which will operate as a sane, reasonable investment and retirement vehicle for the country.
Democrats begin knee jerking since they don't understand finance as all of them are either broke and have never handled money, or got rich through corruption of public office.
https://www.newsweek.com/elon-musks-social-security-remark-rebuked-alexandria-ocasio-cortez-2038384
Elon Musk's Social Security Remark Rebuked by Alexandria Ocasio-Cortez
Elon Musk called Social Security "the biggest Ponzi scheme of all time" during an interview with podcaster Joe Rogan released on Friday, drawing criticism and warning from Democrats, including Representative Alexandria Ocasio-Cortez of New York.
Social Security is a federal program that provides retirement, disability, and survivor benefits to eligible workers and their families.
Although President Donald Trump has pledged not to cut Social Security, some skeptics remain concerned he may reconsider, especially given the recent involvement of his close adviser Musk, and his Department of Government Efficiency (DOGE) task force digging into federal agencies to root out waste, fraud and abuse.
The SSA, which started in 1935, faces a funding crisis that could leave the program unable to pay full benefits by the mid-2030s.
In a Friday episode of the Joe Rogan Experience, a podcast with around 11 million listeners, Musk told Rogan that the federal government is "one big pyramid scheme," and called Social Security "the biggest Ponzi scheme of all time."
Pyramid and Ponzi schemes are fraudulent financial models that deceive new participants, relying on recruitment or fresh investments rather than generating legitimate profits.
