Elon Musk Calls Social Security 'The Biggest Ponzi Scheme Of All Time'
Elon Musk Calls Social Security 'The Biggest Ponzi Scheme Of All Time'
The tech billionaire argued Friday on "The Joe Rogan Experience" podcast that one of America's most enduring social safety nets is an insidious ploy.
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Lmao op has never heard of a “service”. Services cost money… it’s like 3rd grade level knowledge. A Ponzi scheme would be like trump crypto pumping money from shady places and then pulling the rug for the payout. I don’t expect op to understand anything tho
What do you think a Ponzi scheme is? I'm super curious now.
What do you think a Ponzi scheme is?
yeahhhhhhhh that's the type of response I expected
That's what I expected from you too. This claim is not based in observations of the real world, so you can't explain it
Sure buddy
This is what I get for trying to talk about politics on Lemmy comment sections (again!), I really need to stop feeding the trolls man
This is a serious question: How do you think Social Security is a Ponzi scheme?
Primary characteristics of a Ponzi scheme are that they are a system in which people place their money, and as more people place their money into the system, the value of that investment is supposed to provide a reasonable return. So long as more people are entering the system than leaving by cashing out, all is well, but once you have fewer people enrolling into the system, it will start to collapse (like Social Security seems to be in danger of doing). The major difference between Social Security and most Ponzi schemes is that I don't think it promises massive returns on investment like most Ponzi schemes do, but it otherwise functions pretty similarly.