Social Security has been sold to the public as a guaranteed safety net, but Elon Musk just said the quiet part out loud—it’s a Ponzi scheme, and the math proves it.
On The Joe Rogan Experience, Musk didn’t hold back. He called the U.S. government “one big pyramid scheme” and pointed out that Social Security operates exactly like one. Workers pay in, the money immediately goes out to retirees, and the future obligations far exceed the tax revenue coming in. That’s not sustainable.
The problem? People are living longer, and the system wasn’t designed for that. When Social Security was created in the 1930s, the average life expectancy was much lower. Now, retirees are collecting benefits for decades, while fewer workers are paying into the system. The result? A financial time bomb that Washington refuses to defuse.
And here’s the kicker—it’s our own money. Workers have been forced to pay 17% in taxes into this system their entire careers, yet the reality is clear: future generations will get less. Cutting payouts by 20% would keep Social Security afloat for another 50 years, but who’s going to admit that? Instead, politicians will drag it out, pretend nothing’s wrong, and wait until the crisis is unavoidable.
Musk isn’t calling for Social Security’s collapse—he’s just acknowledging that it’s already happening.
Sources:
https://ca.finance.yahoo.com/news/elon-musk-calls-social-security-212613265.html