"How Immigrants Will Save Social Security"

[applegrove]

How Immigrants Will Save Social Security

by Eleanor Clift at the Daily Beast

http://www.thedailybeast.com/articles/2014/11/29/how-immigrants-will-save-social-security.html

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Contrary to the myth advanced by opponents of reform that illegal immigrants don’t contribute their fair share in taxes, and drain government benefits, the reality is that undocumented workers are helping to keep the social security trust fund in the black. They do this because they are paying into the system typically with false social security numbers, which means they will never collect benefits. Their money, often collected for many years, helps keep the system afloat and benefits flowing to aging baby boomers.

President Obama’s executive order opens the door to legalizing some five million immigrants, allowing them to apply for work permits and acquire a legitimate social security number. That means the social security administration will “lose some revenue that was found money from people who pay in and will never collect,” says Norm Ornstein, a resident scholar at the conservative American Enterprise Institute.

This is not an insignificant amount of money. When payroll contributions cannot be credited to a verifiable number, they go into what’s called the “Earnings Suspense File.” A study that was done last year by the Center for American Progress (CAP), a liberal think tank, found that this file is estimated to have accumulated one trillion dollars worth of tax contributions.

Not all of that “unmatched money” is from illegal workers, says Marshall Fitz with CAP, but he felt comfortable saying, “A significant portion of that suspense file has been funded through undocumented workers who currently will never see those benefits.”





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[Stargazer99]

1. If Americans could get decent paying jobs

there would be plenty support for social security
instead of cheap labor for capitalist

[Socal31]

2. ???

So the solution is to take money from the people who likely have the least to spare, when they can't collect down the road?