Elon musk should pay the same social security tax that you do

[Brenda]

October 9, 2025
Jim Hightower

Plutocratic elites and their political puppets constantly wail that Social Security is a socialist scam, a wasteful giveaway to old people. But regular folks know that’s hokum, since nearly all of us pay into the plan every month of our working lives. In short, it’s our money!

Moreover, each of our Social Security accounts steadily build up. The most valuable financial asset for 9 out of 10 American families, is not their houses or Aunt Tillie’s will — it’s their Social Security holdings. Even for rock-solid, middle-class families, Social Security provides for about a third of their total lifetime wealth.

Especially since an honest, fair, and simple adjustment would keep the program fully funded in perpetuity. If billionaires and other extremely wealthy Americans paid Social Security taxes at the same rate the rest of us do, a study found, we wouldn’t just be able to continue the program. We’d be able to increase the benefits.

Rather than letting gabillionaires like Elon Musk put practically none of their massive incomes into this egalitarian effort to provide a decent retirement for all, make them pay Social Security taxes exactly like regular workers do.

https://www.counterpunch.org/2025/10/09/elon-musk-should-pay-the-same-social-security-tax-that-you-do/