is america's social security system in danger

someone just said this on one of my posts, that they think the social security system in america will be taken away?

i am not in america but still wondered, will there not be some safety net for the people there?

i am fully in support of looking after people if they need it and supporting the vulnerable, so i do not think social security should be taken away.

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badminton · 61-69, MVIP

Social Security is the ONLY federal program providing income to the elderly. The Musk-Trump administration would like to steal the money in Social Security to give the very wealthy a huge tax cut. Musk called it a "Ponzi scheme", which is a vile lie.

Social Security is an income-transferring trust fund. People pay into it all their working lives, then collect its benefits when they retire. It is also income for the seriously disabled. Without it millions of seniors will be left totally destitute, literally end up homeless. If that happenns title to raise hell.

whowasthatmaskedman · 70-79, M

@badminton Musk is almost correct in calling Social Security a Ponzi scheme, by definition..The nature of a Ponzi scheme means that new newer contributors account for the dividends of older contributors sooner or later you run out of money because there arent enough new contributors. All those conditions will be met.. But in this case because the government over successive administrations have failed to apply the contributions to the schem, syphoning them off to other purposes and to feed corporate providers.😷