Sunday, March 30, 2008

Retirement funding

A new thought on the illegal alien issue. A huge portion of illegals get work by purchasing fake social security numbers to show to employers. These millions of workers then get jobs and pay their FICA of 7.65%. This is then matched by their employers. These illegals will never be able to collect social security, but they pay in how many hundreds of millions of dollars(or billions of dollars or tens of billions of dollars) each and every year? So what happens to all of the money streaming into social security system? Cha-ching! It goes to retiring american citizens. This is quite a contribution to our social security system that many fear will fail in the coming decades. Just another facet to this complex issue. One that I don't think anyone else has thought about.
In the meantime with this retirement windfall , I feel secure enough to buy myself a beach house.
In Baja , Mexico.

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