Musk, Ponzi and Social Security

Elon Musk calls Social Security ‘the biggest Ponzi scheme of all time’
As Elon Musk continues to slash the budgets of government agencies at the behest of President Donald Trump, Social Security appears to be in the billionaire’s crosshairs. During an appearance on comedian Joe Rogan’s podcast last week, Musk criticized Social Security benefits, which are received by an estimated 72.5 million Americans.
Elon Musk slams Social Security as a ‘Ponzi scheme,’ sparking new concerns
It’s one thing for Musk to peddle bogus claims about imagined Social Security “fraud.” It’s something else when he targets the system itself.
Elon Musk calls Social Security a 'Ponzi scheme,' sparking Dem concerns over key benefit
The world's richest man argued that the retirement and disability benefit system poses a significant financial risk to America's future.
Elon Musk calls Social Security ‘the biggest Ponzi scheme of all time’ as calls mount to remove contribution caps for billionaires
DOGE cost-cutter-in-chief Elon Musk likened the U.S. retirement system to a pyramid scheme during a podcast with Joe Rogan.
Elon Musk Accused of Social Security 'Disinformation Campaign'
The tech billionaire said Social Security is "the biggest Ponzi scheme of all time" during a podcast with Joe Rogan last week.
‘Outrageous’: Sen. Bernie Sanders responds to Elon Musk calling Social Security a ‘Ponzi scheme’
In an exclusive interview with Meet the Press, Sen. Bernie Sanders (I-Vt.) fires back at Elon Musk, who called Social Security “the biggest Ponzi scheme of all time.”
Former Social Security Commissioner Martin O'Malley Says DOGE Cuts Could Interrupt Benefits
Donald Trump's purge of the federal workforce could cause a system failure at the Social Security Administration, the ...
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The Sad Reality of President Trump's Social Security Plan
As of 2022, the median retirement savings balance among Americans aged 65 to 74 was just $200,000, per the Federal Reserve.
Former Social Security Chief Warns Musk’s Meddling Could Lead To ‘System Collapse’
Martin O’Malley, f Administration commissioner, says Donald Trump and Elon Musk’s cuts could mean “an interruption of benefits.” ...
Social Security payments could suffer interruption soon as DOGE causes ‘system collapse,’ former commissioner warns—‘start saving now’
Ultimately, you’re going to see the system collapse and an interruption of benefits. I believe you will see that within the ...
President Trump's Potential Changes for Social Security So Far: 3 Things You Should Know
Social Security has long been in a fraught position. The program will need to reduce benefits in 10 years if Congress doesn't ...
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Ex-Social Security leader sounds alarm: DOGE staff cuts will lead to ‘total collapse’ of systems
“This is going to lead to total system collapse,” O’Malley told The Baltimore Sun. “It’s a very old, fragile computer system ...
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President Trump Promised a Big Change to Social Security. Here’s Where it Stands
Key Points As part of his campaign, Trump pledged to get rid of taxes on Social Security benefits. Eliminating those taxes ...
Social Security Administration aims to cut about 7,000 jobs, prompting fears of customer service impact
Calling its workforce “bloated,” the Social Security Administration announced Friday plans to slash about 7,000 jobs, or ...
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Did Trump get rid of taxes on tips, overtime? What to know now
While the resolution has opened doors for lawmakers to act on campaign promises to end taxes on tips, overtime wages and Social Security benefits, there is actually, no policy or bill in this ...