Elon Musk called it “the biggest Ponzi scheme of all time,” which would be an accurate assessment if it wasn’t both obvious and a government program. Without the contributions of people working today, there would not be sufficient funding to pay the people on social security today. We’ve known this for decades, as anyone who remembers Al Gore’s cringey “lock box” analogy during a presidential debate.
But social security is not only wildly popular, but a program into which working Americans have paid throughout the work lives. That further reforms are needed, and maybe Gore wasn’t wrong about the “lock box,” is worthy of debate, but not even Trump is bold enough to admit that he wants to see it die. And yet, there’s Chainsaw Musk, busily doing what he does best. Continue reading
