PolitiFact’s Louis Jacobson slapped a “false” label on Elon Musk on Wednesday for his claim that Social Security is a Ponzi scheme. Jacobson’s big argument against Musk was not convincing, as he insisted that because Social Security is legal, it can’t be accurately described as a Ponzi scheme.
The exact quote from Musk is almost a month old and came from a February 28 appearance on The Joe Rogan Expierence, “Social Security is the biggest Ponzi scheme of all time.”
Of course, Musk is not the first person to make that argument, as Jacobson notes, “In 2011, PolitiFact evaluated a similar statement from former Texas Gov. Rick Perry. At the time, we noted that a half-dozen left-of-center columnists also called Social Security a Ponzi scheme. However, the statement is inaccurate, as we concluded about Perry’s comment and other times.”
After…
