this post was submitted on 10 Mar 2025
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No, Elon Musk, Social Security Isn’t a “Ponzi Scheme” (inthesetimes.com)
submitted 10 hours ago by TokenBoomer@lemmy.world to c/progressivepolitics@lemmy.world
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Right-wing billionaires have long wanted to shred the safety net. Under Trump, they’re using lies and fears over the deficit to debilitate Social Security.

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[–] TokenBoomer@lemmy.world 14 points 9 hours ago

In what way?

However, Social Security, unlike a Ponzi scheme, is not inherently fraudulent, nor does the program promise "investors" artificially high returns with little to no risk, a hallmark of this kind of investment fraud. The report above, for example, shows the administration's transparency about expected returns. source