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/

[Silent Type]

1. And he gets the same lousy SS benefits, not a penny more than a dentist making $160K or so.

We should have listened in 2010 when Obama tried to do something about SS, but even his own party bashed him. So, here we are.

[WmChris]

2. Remove the cap

I'm a retired electric lineman I reached the S.S. cap by October or November every year after I made journeyman wage. I never even noticed an increase in my take home pay therefore it was actually not a big deal. Most people In my opinion wouldn't notice the difference the cap should have never been legislated in the first place. It probably was needed to get Republican buy in even back then.