Elon Musk revealed on Joe Rogan‘s podcast that he’d uncovered the Social Security Administration to be the ‘biggest Ponzi scheme of all time’ during his time at DOGE.
While appearing on The Joe Rogan Experience, the Tesla billionaire claimed Social Security will cause the US’ financial situation to only be ‘much worse in the future.’
‘Social Security is the biggest Ponzi scheme of all time. People pay into Social Security, and the money goes out of social security immediately. But the obligation for Social Security is your entire retirement career,’ he began.
‘If you look at the future obligations of Social Security, it far exceeds the tax revenue,’ he said.
Musk warned that the country’s debt will only be double in the future due to the scheme.
‘Have you ever looked at the debt clock?’ he continued. ‘There’s our present-day debt, but then there’s our future obligations.
‘So, when you look at the future obligations of Social Security, the actual national debt is like double what people think it is because of future obligations.’
‘Basically, people are living way longer than expected, and there are fewer babies being born, so you have more people who are retired and that live for a long time and get retirement payments,’ he told Rogan.
It’s not a shock to most of us. We all know the people at the end aren’t going to get squat, even though they paid into it. I am going to try to make sure my kids have a home when I die, hopefully the government won’t find some new bs tax to take it from them.
I paid in i expect to be paid out..stop giving it to freeloaders illegals ..and if bill Clinton didn’t steal the equity from ssn.
Find another waste bucket start with how Congress get rich…
The best revenge is to live a long life after you receive your first check. I’ve long passed what I put in.