A Ponzi scheme "is a fraud intended to mislead investors," said Christina C. Benson, an Elon University associate professor of business law. "Social Security is a legally mandated system that has been in place since the 1930s to serve as a critically important social safety net that allows working Americans to save towards retirement."

Senator Ed Markey (D-MA) joins MSNBC’s Jonathan Capehart to discuss the Trump administration’s attacks on Social Security and what Sen. Markey calls Elon Musk and Donald Trump’s implementation of “designed neglect” to undermine the efficiency of agencies like the Social Security Administration.