Birdwatch Note Rating
2025-03-02 21:40:59 UTC - HELPFUL
Rated by Participant: D1B13BE8EFEF89741C8CE49FD61CAD656F289AF702F55452DCEE56997DBF8C12
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