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Fortune
Fortune
Christiaan Hetzner

Elon Musk calls Social Security ‘the biggest Ponzi scheme of all time’ as calls mount to remove contribution caps for billionaires

The CEO of Tesla and SpaceX, Elon Musk, speaks at the Conservative Political Action Conference (CPAC) at the Gaylord National Resort Hotel And Convention Center on February 20, 2025 in Oxon Hill, (Credit: Andrew Harnik—Getty Images)
  • DOGE cost-cutter-in-chief Elon Musk likened the U.S. retirement system to a pyramid scheme during a podcast with Joe Rogan, arguing something needed to be done to stave off any threat of potential insolvency.

The world’s richest man, Elon Musk, fears America’s state-backed pensions are no longer safe as fewer working-age Americans can pay for retirees who live a longer life.

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