Illegal immigration part 1

I would be so nice if the problem of illegal immigration was simple to solve. There are really a number of issuers that need to be addressed.

Social Security name number mismatch. If an illegal immigrant comes to this country and tries to get a job they are going to need a social security number. Frequently a SSN is acquired and the illegal immigrant continues to use their real name. The upside of this is the employer pays into to social security under that name, but the benefits are not applied to the real owner of the social security number. Currently these funds go into a holding fund until it can be determined where the money should be applied. At this point in time, the holding fund has about $585 Billion. Yup, that’s right over ½ of a Trillion dollars sitting there in the government coffers just waiting to be used.

You would believe the government would be happy to have all that extra money floating around. Now I would like to find out what happens to the money once it is determined that it was put there from illegal immigration. I would also like to know, how much money goes into this holding fund every quarter. And what has been the trend over the past ten years. What percentage of the fund is actually moved over to the real owner (i.e. A person gets married and does not change the name with SSA.)

There is much more to come, like what if the illegal immigrant uses the correct name with the SSN? (i.e. Identity theft.) There is a lot to consider there. Because W2’s will be generated on that SSN, the IRS will get involved because they believe someone is under reporting their income.

Later Dive / Fly / Ride / Sail Safe
-Rob