What is a ‘ponzi scheme’ and does Social Security fit the definition? Elon Musk’s claims, explored
If there’s one thing Elon Musk loves more than disrupting industries, it’s disrupting facts. During his recent appearance on Joe Rogan’s podcast, the White House adviser declared Social Security to be “the biggest Ponzi scheme of all time.
Social Security Is Not a Ponzi Scheme
When Elon Musk called Social Security “the biggest Ponzi scheme of all time” on Joe Rogan’s podcast on February 28, he was, wittingly or not, echoing a long line of conservative critics. Over the last fifteen years alone,
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’s paranoid conspiracy theory about Social Security, explained
Pinned to the top of Elon Musk’s X account is a six-minute clip of his recent three-hour interview with the podcaster Joe Rogan.
Elon Musk claims ‘massive' Social Security fraud. How much money is actually lost to fraud, waste?
An April 2024 government report said that there could be $233 billion to $521 billion in fraud annually across the federal government, not just mandatory programs including Social Security. Government reports have suggested ways for the Social Security Administration to reduce fraud,
What Elon Musk said about fixing Social Security amid claims Trump administration is 'gutting it'
The White House is trying to calm concerns about the future of Social Security amid Elon Musk's latest comments and critics warning the Trump administration is 'gutting it.'
Maddow Blog | White House’s Elon Musk suggests Social Security could face cuts
After labeling Social Security “a Ponzi scheme,” Elon Musk’s offensive against the social-insurance program took another aggressive turn.
Elon Musk Reverses Course on Social Security Phone Service Restrictions
Elon Musk has reversed course on an alleged plan to limit phone access to the Social Security Administration (SSA) after facing widespread criticism from lawmakers and the public. The reported move, which would have required millions of elderly and disabled Americans to manage their benefits online or in person,
Roanoke woman pleads guilty in paycheck protection fraud scheme
Jaimeka Michelle Austin, 31, pleaded to one count of conspiracy to commit wire fraud and one count of money laundering.
Is Social Security a Ponzi Scheme?
The fraud involved in Social Security is political rather than financial. Franklin Roosevelt described Social Security as ...
Trump Pardons Tennessee Republican Who Pleaded Guilty To Campaign Finance Scheme
President Donald Trump has pardoned Brian Kelsey, a former Tennessee lawmaker who pleaded guilty to a campaign finance scheme ...