Elon Musk, the billionaire oligarch, has once again revealed his true agenda—this time by launching a full-scale attack on Social Security, one of America’s most vital and successful programs. During a recent appearance on Joe Rogan’s right-wing podcast, Musk smeared Social Security as a “Ponzi scheme” and a “pyramid scheme,” pushing baseless claims designed to weaken public trust in the program.
On social media, Musk went even further, falsely alleging that millions of people over the age of 130 were still receiving Social Security checks in what he called “the biggest fraud in history of humanity.” These claims are not only misleading but also a calculated move to justify future attempts to dismantle Social Security for corporate gain.
The Truth About Social Security
Since its creation in 1935, Social Security has been a cornerstone of economic security for millions of Americans. Before its implementation, nearly 50% of elderly Americans lived in poverty. Thanks to Social Security, that number dropped to 9% by 2019. In 2023 alone, more than 71.6 million Americans received Social Security benefits, including retirees, disabled individuals, and orphaned children.
Contrary to Musk’s claims, Social Security is not a fraudulent scheme—it is a fundamental promise to American workers. Every citizen contributes to the program through payroll taxes, ensuring they have financial support in their later years. The billionaire’s rhetoric is nothing more than a dangerous distraction aimed at paving the way for privatization—a move that would benefit Wall Street elites while devastating millions of Americans.
Political Leaders Fight Back
Democratic leaders wasted no time in condemning Musk’s reckless statements. Representative Alexandria Ocasio-Cortez took to X (formerly Twitter), stating, “This guy is a leech on the public. No matter how many billions he gets in tax cuts and government contracts, it will never be enough for him. Now he’s going after the elderly, the disabled, and orphaned children so he can pocket it in tax cuts for himself. It’s disgusting.”
Senator Bernie Sanders also pushed back, announcing that he would introduce legislation to expand Social Security benefits, rather than cut them. “Social Security keeps 18 million seniors out of poverty every year. Trump and Musk are lying about it for one reason: so they can cut, privatize & dismantle it,” Sanders wrote.
Senator Patty Murray echoed the urgency, stating, “Social Security is not a Ponzi scheme—it’s a promise that every American pays into so they can retire with dignity. Get loud and tell Elon Musk to keep his hands OFF Social Security.”
The Billionaire’s Never-Ending Greed
Musk’s attack on Social Security is not an isolated incident—it is part of a broader pattern of billionaires seeking to dismantle public programs that benefit everyday Americans. Despite receiving billions in government subsidies, tax breaks, and contracts, Musk and his allies are still not satisfied. Their ultimate goal is to loot Social Security, privatize its services, and funnel even more wealth into the hands of the ultra-rich.
The question is: At what point will Musk have enough money? The answer is simple—never. The world’s richest man will not stop until every public resource is stripped away for private gain. That is why Americans must stand up, fight back, and protect Social Security from billionaires who seek to destroy it.
The Call to Action
Now more than ever, it is crucial to demand that Congress protect and expand Social Security. Lawmakers must reject billionaire-backed efforts to privatize the program and instead focus on strengthening it for future generations.
Elon Musk may have billions of dollars, but we have the power of the people. If we stand together, we can ensure that Social Security remains a promise—not a target for corporate greed.
