Elon Musk and Donald Trump are leading an assault on US Social Security, with plans to cut entitlement programs and privatize the system. Musk has called Social Security a 'Ponzi scheme' and is targeting the program through his Department of Government Efficiency. Trump has promised no cuts to benefits for those already receiving them, but plans to raise the retirement age and eliminate Social Security employees. The solution to the financial strain on Social Security is to close the billionaire loophole and have everyone pay the same rate on all their income.