Yep, he's doing it with no one to stop it. Once done, it's too late. Our next chance to fix it will be in four years, if lucky. How many seniors and SSDI recipients will last that long?
Wall Street has been trying to get their hands on Social Security money for decades so they can gamble it in the stock market, where they keep the winnings and we take the losses.
2/ First, I asked Grok if soc sec is a Ponzi scheme:
“No, Social Security isn’t a Ponzi scheme. Its pay-as-you-go system looks similar, but it’s a transparent, government-backed program. Though strained by demographics, it’s sustainable with reforms, unlike a Ponzi’s scheme inevitable collapse”
3/ Then I asked Grok if there’s much fraud using false IDs:
“Approx. 0.01% to 0.1% of Social Security recipients might use false identities, based on limited data. Fraud is a tiny fraction of the <1% improper payments, mostly errors. Exact figures are unclear, but it’s likely under 68,400 of 68.4M”
“Undocumented immigrants in the US are a net benefit to Social Security. They contribute billions annually through payroll taxes—estimated at $13 billion in a recent year—while rarely collecting benefits due to their legal status, bolstering the system's finances”
It’s a good thing for them that every working adult hasn’t contributed to Social Security or that tens of millions of older Americans don’t depend on it or that old people never vote. Oh, wait…
Comments
Whether it’s a Ponzi scheme
Whether there is a lot of fraud using false identities
Whether undocumented immigrants are taking advantage of it
Musk has made these claims
I post Grok’s answers in this thread. Screenshots are on my acct
“No, Social Security isn’t a Ponzi scheme. Its pay-as-you-go system looks similar, but it’s a transparent, government-backed program. Though strained by demographics, it’s sustainable with reforms, unlike a Ponzi’s scheme inevitable collapse”
“Approx. 0.01% to 0.1% of Social Security recipients might use false identities, based on limited data. Fraud is a tiny fraction of the <1% improper payments, mostly errors. Exact figures are unclear, but it’s likely under 68,400 of 68.4M”
“Undocumented immigrants in the US are a net benefit to Social Security. They contribute billions annually through payroll taxes—estimated at $13 billion in a recent year—while rarely collecting benefits due to their legal status, bolstering the system's finances”
Here’s a gift link to the article about how SS will be taken away, one recipient at a time:
https://www.nytimes.com/2025/03/17/business/social-security-doge-ssa.html?unlocked_article_code=1.4k4.9T2M.k4WLdGF4Z5TK&smid=nytcore-ios-share&referringSource=articleShare
https://gracedowwrites.com/2025/03/17/d...