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From: Lynn McGuire <lynnmcguire5@gmail.com>
Newsgroups: rec.arts.sf.written
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Date: Sat, 21 Jun 2025 13:57:19 -0500
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On 6/21/2025 11:15 AM, Scott Dorsey wrote:
> Robert Carnegie  <rja.carnegie@gmail.com> wrote:
>>
>> Is the crisis because the OAS fund cannot
>> pay elderly SS subscribers due to the government
>> pilfering it, or is it because the government
>> pilfering has to stop when the money is all gone?
> 
> The government pilfering is a problem, and it's been happening since
> Reagan.
> 
> The aging population is also a problem, with fewer younger people paying
> into the system as more aging people are paid by it.  (And yes, higher
> immigration rates can fix this one.)
> 
> Some people have made the argument that mathematically, if the cap on
> income was removed from the social security witholdings, so that
> billionaires were paying at the same percentage rate as millionaires
> instead of the same amount, that it would solve the current OAS deficit
> problem.  This is true, and it's certainly a good plan from any viewpoint
> except that of the very rich, but it's also kicking the can down the road
> a bit since eventually the very rich are likely to get paid back a good
> portion of that a generation later.
> --scott

Higher immigration will not fix this problem as most of the immigrants 
are uneducated and cannot speak the majority language, English.

It used to be that we allowed immigration to the USA for college 
graduates and English competency only.  We still allow about 1.3 million 
people per year to immigrant legally to the USA, mostly family of 
existing citizens.

Lynn