Elon Musk turns focus on Social Security, calls it "biggest Ponzi scheme of all time'

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Elon Musk turns focus on Social Security, calls it "biggest Ponzi scheme of all time'

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Senate Democrats slam Social Security job cuts, attack Musk calling it 'Ponzi scheme'

Elon Musk turns focus on Social Security, calls it "biggest Ponzi scheme of all time'

//politics-government.news-articles.net/content/ .. y-calls-it-biggest-ponzi-scheme-of-all-time.html

Published in Politics and Government on Tuesday, March 4th 2025 at 7:20 GMT by Oregonian

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The same day Musk appeared on the podcast, the Social Security Administration announced it plans to reduce its workforce in the coming weeks.

2025-03-04 225 x 150 / 11355 Bytes

Elon Musk has recently criticized Social Security, labeling it as "the biggest Ponzi scheme of all time" in a series of posts on X (formerly Twitter). Musk's comments come amidst discussions on the sustainability of the U.S. Social Security system, which is projected to face funding shortfalls in the coming years. He argues that the program, which relies on current workers' contributions to pay benefits to retirees, is inherently unsustainable and misleading. Musk's remarks have sparked a debate, with some agreeing that reforms are necessary, while others defend Social Security as a critical safety net for millions of Americans. His statements align with his broader views on government spending and economic policy, often advocating for less government intervention and more market-driven solutions.

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