ELON MUSK REVEALS JAW-DROPPING IGNORANCE ABOUT SOCIAL SECURITY
Musk’s blathering illustrates how the people at the top of U.S. society just repeat what are essentially billionaire urban legends. ON THURSDAY, Elon Musk, the CEO of Tesla and SpaceX and — at current stock prices — the richest person in history, made the below pronouncement on Twitter. To most people it probably sounded alarming; however, the reality behind Musk’s words is not alarming at all. And the fact that Musk does not understand this makes it clear that he’s stupendously ignorant about the U.S. economy and entitlement programs: Elon Musk speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas Where did Musk get this $60 trillion number? What does it mean? The first question can’t be answered definitively, since Musk didn’t say and didn’t respond when asked on Twitter. But you can be pretty sure that it originated from the government’s 2021 report on the status of Social Security, which stated that the program’s “unfunded obliga...