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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[–] Not_mikey@lemmy.dbzer0.com 1 points 3 hours ago

Along with the other things people have mentioned ponzi schemes don't have a backstop . If a ponz scheme becomes insolvent the scheme falls apart. Despite all the doom republicans like to push on social security insolvency, if it happens it'll just get taken out of the general fund. It'll be hell on budget deficits for a while until congress gets its shit together and raises the income cap and solves this but people will still be getting paid.