Summary
Elon Musk called Social Security a “Ponzi scheme” on “The Joe Rogan Experience,” claiming it’s unsustainable due to long-term obligations exceeding tax revenue.
Critics, including Sen. Bernie Sanders, accused him of pushing privatization to benefit the wealthy. Musk also made false claims about Social Security mispayments.
His comments come amid looming Social Security cuts and restructuring. The Social Security Administration warns of potential fund shortages by 2035.
Democrats advocate for raising the tax cap on high earners to strengthen the program.
The point is that it won’t. Your internet could turn off next month if you don’t pay your fucking bill… But you pay your FUCKING bill. There’s no validity in your position. It’s an OLD right wing propaganda talking point - you’re either ignorant of that or complicit in it. Either way, do better.
It’s basic economics, if our population declines (either because people have less babies or immigration declines; both of which are currently happening) there will be less money going in to social security. While that’s happening, the number of retirees is greatly increasing.
In terms of your internet service analogy, this is like losing your job at the same time your internet rates get raised. You can’t pay your bills if you don’t have any money.
It’s basic BAD FAITH economics. Your point about “less money going in” is a self fulfilling prophecy by the GOP - They dismantle finding sources for the social safety net programs actively and then loudly complain that those programs are doomed.
In the “America great again” years that the lead poisoned boomers are longing for, we had income tax for the highest earners around 90%. So Reagan, bushes and trump give out huge tax cuts to the wealthy, gut the IRS so that money isn’t coming in and then ignorant and/or deceptive little foot soldiers like yourself rush in to carry water for the lie and try to create fact through repetition. You are wrong, period, end of story. The only Epsom is of you ate being used and are unaware or if you are willingly perpetuating this bullshit in bad faith.
Your bad position is SO played out in fact, that here is a clip that is a decade old explaining how you are wrong and trying to prop up an old, tired lie. https://youtu.be/k3dK-z9F4C0?feature=shared
Shame on you, bud. You seem smart enough to know better.
You’re making a strawman argument. I never said social security couldn’t (or shouldn’t) be saved. Not did I argue that the Republicans aren’t at fault for its problems. Obviously raising taxes to increase the amount of money going in to social security would fix the budget issues.
Your posts give a real “old man yelling at clouds” vibe
Your posts give a real “Publicly arguing technicalities for the sake of it in furtherance of the downfall of modern society on behalf of oligarchs with an end game to kill off poor people and refine their bodies into biodiesel” vibe.
You don’t seem to understand that your lack of that stated context of good or bad alongside your defense is very telling. Quit doing work for the bad guys, or if you continue, have the balls to openly count yourself among their ranks.
“My defense?” “The bad guys?” You’re being very adversarial, and I’m not sure why you keep trying to make me your enemy. Posting on Lemmy isn’t good for anything except venting, and if you want to be a keyboard warrior you should find a community where conservatives gather. You still won’t be doing anything productive, but at least Lemmy will be a little more peaceful.