Musk: Social Security Is A Massive “Ponzi Scheme”

The Huffington Post reports:

Elon Musk is calling Social Security a “Ponzi scheme,” prompting suspicion that the world’s richest man is merely hoping to privatize a social safety net that has existed since the 1930s — and has kept millions of elderly, poor and disabled Americans from destitution.

The billionaire argued Friday on “The Joe Rogan Experience” podcast that the United States government is “one big pyramid scheme” before blasting Social Security as “the biggest Ponzi scheme of all time.”

“We found just with a basic search of the Social Security database that there were 20 million dead people marked as alive,” Musk said, prompting host Joe Rogan to ask if these supposed dead people are actually receiving money and how much of it they’re getting.  “Some of them are getting money,” Musk said.

Read the full article.

BREAKING: Elon Musk called Social Security “the biggest Ponzi scheme of all time” in an interview with Joe Rogan. pic.twitter.com/gCrDPLM15u

— More Perfect Union (@MorePerfectUS) March 1, 2025