Tue, March 25, 2025
[ Tue, Mar 25th 2025 ]: cnbctv18
Lok Sabha passes Finance Bill 2025 with 35 amendments
[ Tue, Mar 25th 2025 ]: AOL
How to Get a Business Loan With Bad Credit
[ Tue, Mar 25th 2025 ]: GOBankingRates
The Ultimate Guide To Purchasing and Financing Investment Properties
[ Tue, Mar 25th 2025 ]: News4Jax
10 IRA mistakes to avoid
[ Tue, Mar 25th 2025 ]: CNBC
Software giant SAP becomes Europe's most valuable firm amid German stock market boom
[ Tue, Mar 25th 2025 ]: BuzzFeed
People Are Sharing The Career Advice That Changed .. ir Lives, And It Will Make You Rethink Everything
[ Tue, Mar 25th 2025 ]: ProPakistani
Finance Ministry Hiring 6 Experts to Operationalize New Tax Policy Office on IMF Demand
[ Tue, Mar 25th 2025 ]: CoinDesk
Trump-Backed World Liberty Financial Confirms Dollar Stablecoin Plans with BitGo
[ Tue, Mar 25th 2025 ]: Bloomberg
Fleetio to Acquire Auto Integrate in $1.5 Billion Fleet Deal
[ Tue, Mar 25th 2025 ]: Moneycontrol
Finance Bill 2025: New income tax bill to scrappi .. Here's what Nirmala Sitharaman said in Lok Sabha
[ Tue, Mar 25th 2025 ]: Forbes
Navigating Domestic And International Regulations For Asset Protection
[ Tue, Mar 25th 2025 ]: Newsweek
UnitedHealthcare 'Pushing' Boundaries of Medicare Fraud, Republican Says
[ Tue, Mar 25th 2025 ]: Kiplinger
Can You Be Fired for Going to Work When You're Contagious?
[ Tue, Mar 25th 2025 ]: BBC
Launceston bank closures a 'disaster' for town
[ Tue, Mar 25th 2025 ]: BusinessTech
Big trouble for South Africans earning over R20,000 per month
[ Tue, Mar 25th 2025 ]: Reuters
Shell's 2024 emissions largely stable at 1.2 billion tons CO2 equivalent
[ Tue, Mar 25th 2025 ]: Reuters
VW to work with Valeo, Mobileye on driver assistance systems
[ Tue, Mar 25th 2025 ]: Forbes
Why Supervised Believes AI Is The Best Way To Talk To Your Team
Mon, March 24, 2025
[ Mon, Mar 24th 2025 ]: Yahoo
Survey: Financial leadership should be top priority for next Byron superintendent
[ Mon, Mar 24th 2025 ]: WBEZ
Mayor Johnson lacks the votes to compel CPS to ma .. pension payment, giving him days to find the cash
[ Mon, Mar 24th 2025 ]: Cryptopolitan
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[ Mon, Mar 24th 2025 ]: CNET
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[ Mon, Mar 24th 2025 ]: Newsweek
DOGE Details Major Changes to Small Business Loans: What To Know
[ Mon, Mar 24th 2025 ]: Investopedia
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[ Mon, Mar 24th 2025 ]: WRAL
Fact check: Elon Musk calls Social Security a 'Ponzi scheme'
[ Mon, Mar 24th 2025 ]: Entrepreneur
Hiring Like Crazy? Ignoring These Processes Could .. rail Your Business. Here's What You Need to Know.
[ Mon, Mar 24th 2025 ]: CNBC
OpenAI expands COO Brad Lightcap's job to include oversight of business
[ Mon, Mar 24th 2025 ]: Week99er
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[ Mon, Mar 24th 2025 ]: AgWeb
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[ Mon, Mar 24th 2025 ]: MarketWatch
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[ Mon, Mar 24th 2025 ]: Yahoo
Hawaii tax credits scrutinized by state lawmakers
[ Mon, Mar 24th 2025 ]: TechRadar
23andMe is bankrupt and about to sell your DNA, here's how to stop that from happening
[ Mon, Mar 24th 2025 ]: Yen
UK targets spending cuts to mend public finances
[ Mon, Mar 24th 2025 ]: Bloomberg
Trade talks ramp up in race to avoid Trump's April 2 tariffs
[ Mon, Mar 24th 2025 ]: CoinTelegraph
Ethereum down 57% from its all-time high, but it's still worth more than Toyota
[ Mon, Mar 24th 2025 ]: Kiplinger
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[ Mon, Mar 24th 2025 ]: Insider
Snap's CEO sets new hires up to fail on their 1st day. He says it makes them more creative.
[ Mon, Mar 24th 2025 ]: GOBankingRates
Trump Wants To Eliminate Income Taxes: 5 Ways This Could Impact Your Salary
[ Mon, Mar 24th 2025 ]: Fortune
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[ Mon, Mar 24th 2025 ]: BBC
Experts identify 45 financial risks at Somerset Council
[ Mon, Mar 24th 2025 ]: CNA
As Hong Kong hosts finance, sports and arts events, some say the city is getting its groove back
[ Mon, Mar 24th 2025 ]: Kiplinger
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[ Mon, Mar 24th 2025 ]: Mint
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[ Mon, Mar 24th 2025 ]: TheStreet
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[ Mon, Mar 24th 2025 ]: Reuters
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[ Mon, Mar 24th 2025 ]: Reuters
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[ Mon, Mar 24th 2025 ]: Moneycontrol
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[ Mon, Mar 24th 2025 ]: Forbes
Revised Beneficial Ownership Information (BOI) Rule Exempts U.S. Companies From Reporting

Fact check: Elon Musk calls Social Security a 'Ponzi scheme'

In an interview with podcaster Joe Rogan, billionaire businessman and White House adviser Elon Musk resurrected a term that Social Security critics have sometimes used to describe the program, calling it a Ponzi scheme.
Elon Musk, in a tweet, referred to Social Security as a "Ponzi scheme," sparking a debate about the sustainability and structure of the program. Social Security is a federal insurance program funded through payroll taxes, where current workers' contributions support current retirees. Critics like Musk argue that it resembles a Ponzi scheme because it relies on an ever-increasing number of contributors to pay benefits, which becomes problematic as the population ages and birth rates decline. However, experts counter this by explaining that Social Security is not a Ponzi scheme because it is backed by the full faith and credit of the U.S. government, has transparent funding mechanisms, and its issues stem from demographic changes rather than fraudulent intent. They point out that while adjustments might be necessary to ensure its long-term viability, the program's structure is fundamentally different from the illegal schemes run by individuals like Charles Ponzi, where returns are paid to earlier investors using the investments of more recent investors.

Read the Full WRAL Article at:
[ https://www.wral.com/story/fact-check-elon-musk-calls-social-security-a-ponzi-scheme/21926444/ ]