To be clear (the headline is somewhat hyperbolic), he is Trump's nominee to run the BLS Bureau of Labor Statistics. The BLS produces the Consumer Price Index for Urban Wage Earners and Clerical Workers, which is the basis of the SS COLA
Trump's pick to oversee Social Security COLA says "need to sunset" program, Newsweek, 8/13/25
14h ago
Speaking on KTRH's Houston's Morning News in December, Antoni said Social Security was set up as a "Ponzi scheme" where "today's investors are—their funds are being used to pay yesterday's investors."
"And
unless you are going to grow the number of investors at an exponential rate, that system is eventually going to collapse. Well, since we can't grow the workforce at an exponential rate, especially today when our population is actually in a state of decline ((no it's not -Progree)), you're not going to be able to sustain a Ponzi scheme like Social Security," Antoni continued. "Eventually you need to sunset the program."
Antoni said current benefits need not be touched, but future retirees should not rely on the program. He advocated for transitioning to a system that uses
private accounts "for just them."
Antoni argued for "some kind of transition program where, unfortunately, you'll need a generation of people who pay Social Security taxes but never actually receive any of those benefits," he continued. "And that sounds harsh, but unfortunately that's the price to pay for unwinding a Ponzi scheme that was foisted on the American people by the Democrats in the 1930s."
More:
https://www.msn.com/en-us/news/politics/trump-s-pick-to-oversee-social-security-cola-says-need-to-sunset-program/ar-AA1KsEIC
(emphasis added)
The study I've seen is that eliminating the maximum earnings cap will come very close to eliminating the problem for at least 75 years (per Congressional Research Service Dec 2021.
https://sgp.fas.org/crs/misc/RL32896.pdf .
And no, it doesn't take an ever-growing population, let alone an exponentially increasing population, to make Social Security work.
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