Billionaire entrepreneur Elon Musk called Social Security "the biggest Ponzi scheme of all time" during his latest appearance on The Joe Rogan Experience.
In the three-hour conversation released Friday, Musk argued that the entitlement program is putting the federal government in a financial bind, citing longer life expectancy and declining birth rates as key issues.
"Basically, people are living way longer than expected, and there are fewer babies being born," Musk told Rogan. "So you have more people who are retired and live for a long time and get retirement payments."
A 2024 federal report estimated that Social Security's trust funds could be depleted by 2035, reinforcing concerns about the program's long-term sustainability.
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Elon Musk Claims Social Security Is 'The Biggest Ponzi Scheme of All Time' During Latest Joe Rogan Interview
- by: Morgan Music
- 03.01.25
- Source:
Latin Times
- 03/04/2025
Elon Musk by Daniel Oberhaus is licensed under Flickr https://creativecommons.org/licenses/by/2.0/
Elon Musk by Daniel Oberhaus is licensed under Flickr https://creativecommons.org/licenses/by/2.0/
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