He was joking (I refer to the part you highlighted and evidently took seriously). He called SS a ponzi scheme and was pointing out how the first recipients received a huge amount compared with the little they put in.
Some of us actually heard the show.
"He called SS a ponzi scheme and was pointing out how the first recipients received a huge amount compared with the little they put in."
No question about it!
In a little over 2 years i've collected more than I ever put in.
I started paying into it in 1952 at 14 and rescheduled my income from wages to all rental in 1978 and quit paying into it.
I did it to avoid the payroll taxes not even thinking about collecting anything at the end of the line.