Elon Musk revealed on Joe Rogan‘s podcast that he’d uncovered the Social Security Administration to be the ‘biggest Ponzi scheme of all time’ during his time working in DOGE.
While appearing on The Joe Rogan Experience, the Tesla billionaire claimed that Social Security will cause the United States’ financial situation to only be ‘much worse in the future.’
‘Social Security is the biggest Ponzi scheme of all time. People pay into Social Security, and the money goes out of social security immediately. But the obligation for Social Security is your entire retirement career,’ he began.
‘If you look at the future obligations of Social Security, it far exceeds the tax revenue,’ he said.
Musk warned that the country’s debt will only be double in the future due to the scheme.
‘Have you ever looked at the debt clock?’ he continued. ‘There’s our present-day debt, but then there’s our future obligations.
‘So, when you look at the future obligations of Social Security, the actual national debt is like double what people think it is because of future obligations.’
‘Basically, people are living way longer than expected, and there are fewer babies being born, so you have more people who are retired and that live for a long time and get retirement payments,’ he told Rogan.
Elon Musk said that during his work in DOGE, he uncovered that Social Security is the ‘biggest Ponzi scheme of all time’
The Tesla billionaire revealed while appearing on The Joe Rogan Experience that social security will cause the United States’ financial situation to only be ‘much worse in the future’
‘However bad the financial situation is right now for the federal government, it’ll be much worse in the future,’ he added.
First buddy Musk has long warned of the risks associated with falling birth rates, saying in 2022 that it was the ‘biggest danger civilization faces by far.’
A report by the Social Security and Medicare Board of Trustees last year found that the program would only be able to pay out full benefits for around the next 11 years.
In addition to Social Security, Musk and Rogan rattled through a range of topics in the hours long episode released on Friday, including DOGE, Artificial Intelligence, his SpaceX advancements as well as joking about Musk’s Nazi salute.
Musk hit back to haters and said he did ‘not see’ the backlash coming after his infamous inauguration ‘Nazi salute.’
Musk’s ‘salute’ garnered attention across the world, with many liberals comparing the Tesla billionaire to a Nazi.
He came under fire over the gesture he made while addressing a crowd of MAGA fans during a celebration of President Donald Trump’s inauguration.
He claimed that the gesture was in fact him saying his ‘heart goes out’ to the audience.
The first buddy hit back to haters on The Joe Rogan Experience and said he did ‘not see’ the backlash coming after his infamous inauguration ‘Nazi salute’
Rogan supported Musk and said he found the persistent attacks ‘ridiculous’ and even joked he ‘can never point at things diagonally’
The latest clap back caused a stir online after he rhymed the words ‘not’ and ‘see’ together in a word play on ‘Nazi,’ followed by a grin and laughs from Rogan.
He doubled down with his clever word play by following it with another Nazi reference.
‘People will just “Goebbl” anything up,’ he said, a reference to WWII Nazi propaganda minister Joseph Goebbels. Musk had made the same joke on the week of the inauguration during the fresh fallout from the gesture.
He abandoned his humorous digs as he continued to discuss the fallout with Rogan, and said he found the backlash ‘unbelievable.’
‘It was obviously meant in the most positive spirit possible,’ he added.
Musk further told the podcast’s host that he found the online hate ‘pretty stressful,’ and has firmly stated he isn’t a Nazi.
The Anti-Defamation League argued in a post on X that it was an ‘awkward gesture in a moment of enthusiasm, not a Nazi salute.’
But Musk further taunted his haters by making a slew of Nazi-related puns on X.
‘People will just “Goebbl” anything up,’ he said, a reference to WWII Nazi propaganda minister Joseph Goebbels. Musk had made the same joke on the week of the inauguration during the fresh fallout from the gesture
‘What is actually bad about Nazis – it wasn’t their fashion or their mannerisms, it was war and genocide,’ Musk declared
At the time, he wrote: ‘Don’t say Hess to Nazi accusations! Some people will Goebbels anything down! Stop Gőring your enemies! His pronouns would’ve been He/Himmler! Bet you did nazi that coming.’
Rogan supported Musk and said he found the persistent attacks ‘ridiculous’ and even joked he ‘can never point at things diagonally.’
‘Hopefully people realize I’m not a Nazi. Just to be clear, I’m not a Nazi,’ Musk laughed.
He followed his declaration up by claiming anyone who isn’t committing genocide can’t be called a Nazi.
‘What’s relevant about Nazis is like, are you invading Poland? And if you’re not invading Poland, maybe you’re not [a Nazi],’ he said. ‘You have to be committing genocide and starting wars.’
‘What is actually bad about Nazis – it wasn’t their fashion or their mannerisms, it was war and genocide,’ he declared.
But Musk furthered that he found the criticism and hate ‘stressful,’ and added in a more serious tone: ‘They actually want to kill me. They say so online. There’s like Reddit forums where they don’t just want to kill me, they want to desecrate my corpse.’
Rogan himself said people were playing a ‘bullsh** game’ of accusing ‘everyone’ of being a Nazi.
‘Elon has talked about this a lot. He’s absolutely correct is that people use woke ideology as an excuse to be an a**hole, and it’s really just people that are a**holes that are attaching themselves to things that make them feel righteous,’ Rogan previously said in defense of Musk
Rogan said that those pretending that ‘everyone is Hitler’ are ‘broken’ as he stood up for the billionaire, who has appeared five times on the show.
‘This is why they want to conflate and always want to pretend that everyone’s Hitler. The problem with that is, after a while, it’s crying wolf and people are like, ‘Oh, this is a bull***t game you’re playing and you’re just using it as an excuse’, Rogan said.
‘Elon has talked about this a lot. He’s absolutely correct is that people use woke ideology as an excuse to be an a**hole, and it’s really just people that are a**holes that are attaching themselves to things that make them feel righteous,’ he continued.
‘So, they wrap themselves in this idea to give them virtue and to allow them to say the most awful things about other people that have different perspectives.’
Yet, Musk’s controversial gesture was only the beginning as he then went on to offer his support for Germany’s far-right political party which is fiercely nationalistic and anti-immigration.
Leaders of the Alternative for Germany party have repurposed Nazi slogans, urged Germany to stop apologizing for its past crimes and said the Nazis are just a ‘speck of bird poop’ in Germany’s history.
