Elon Musk: “There's a massive amount of fraud of basically people…”

“You're not changing laws. You're just doing what any business would do in a profit and loss audit. I think really what we're adding here is caring and competence and the. There's a massive amount of fraud of basically people submitting Social Security numbers for Social Security benefits, unemployment, Small Business Administration loans and medical, where those are fake Social Security numbers or they've stolen somebody else's Social Security number. And we're trying to put a stop to all that. And that's the number which is estimated to be on the order of 10% of federal expenditures, which is, you know, half a.” (03:40–04:03)

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