Birdwatch Archive

Birdwatch Note

2025-03-01 12:14:05 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

Social Security isn’t a Ponzi scheme. It’s a pay-as-you-go system, legally transparent, and adjustable by law. With fewer workers per retiree and a trust fund depletion by 2034, reforms are needed to avoid shortfalls. Musk’s claim is exaggerated at best. https://www.pgpf.org/article/the-ratio-of-workers-to-social-security-beneficiaries-is-at-a-low-and-projected-to-decline-further/ https://en.wikipedia.org/wiki/Social_Security_%28United_States%29 https://www.investopedia.com/terms/p/ponzischeme.asp#:~:text=A%20Ponzi%20scheme%20is%20an,and%20the%20supposed%20profits%20evaporate.

Written by 3CBB84A2A798F1B345192C9DA7687082C5197E7AF6A0834C0A6C504C5CCB9D87
Participant Details

All Information

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• noteId - 1895809764770160956
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• noteAuthorParticipantId - 3CBB84A2A798F1B345192C9DA7687082C5197E7AF6A0834C0A6C504C5CCB9D87
• createdAtMillis - 1740831245021
• tweetId - 1895655463255248904
• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• summary
• Social Security isn’t a Ponzi scheme. It’s a pay-as-you-go system, legally transparent, and adjustable by law. With fewer workers per retiree and a trust fund depletion by 2034, reforms are needed to avoid shortfalls. Musk’s claim is exaggerated at best. https://www.pgpf.org/article/the-ratio-of-workers-to-social-security-beneficiaries-is-at-a-low-and-projected-to-decline-further/ https://en.wikipedia.org/wiki/Social_Security_%28United_States%29 https://www.investopedia.com/terms/p/ponzischeme.asp#:~:text=A%20Ponzi%20scheme%20is%20an,and%20the%20supposed%20profits%20evaporate.