Ponzi

Musk has described social security as "the biggest Ponzi scheme of all time".

And they’re ticked off that Musk, a gazillionaire, has called Social Security a ponzi scheme and orchestrated the elimination of thousands of jobs in the agency.

Elon Musk slanders Social Security as “the biggest Ponzi scheme of all time”; he and Trump assert that it is shot through with fraud, when it’s one of the most fiscally efficient programs in government.

Musk has denigrated the program as “the biggest Ponzi scheme of all time,” a repetition of an ancient meme that, as I wrote, demonstrated only that he knows nothing about Social Security, and nothing about Ponzi schemes.

On the more elaborate end, Ponzi schemes trick investors into believing that legitimate activities are fueling high investment returns.