Birdwatch Note Rating
2025-03-01 13:12:41 UTC - HELPFUL
Rated by Participant: 9A8F3CA1FC1CE09F3601493B97A24D4BF7186A0FFB9CEA58D26248909F362344
Participant Details
Original Note:
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.
All Note Details