But I am surprised that no FReepers have tumbled to it yet.
Down the road, as the Boomers retire, Social Security projections are looking at a worker:retiree ratio of, what, 1.18:1?
Under the circumstances, bringing, say, six million more workers into the Social Security system is not a bad idea.
To my mind, this is one of the compelling reasons for normalizing the status from illegal aliens to guest workers.
But these workers aren't going to be in the Social Security system. Once they have their legal status, they must be paid at least minimum wage. At that point, these newly legalized illegals will be undercut by a new wave of illegals, who will work for less than minimum wage. And we're back to square one.
If we sign a totalization agreement with Mexico, there will be an outflow of funds from Social Security. We already have hundreds of thousands of social security recipients living outside the US. It is also more difficult to uncover fraud overseas. Many recipients are dead for many years, but their relatives continue to receive their social security checks. Our Consular personnel aren't equipped to monitor and control this aspect of the system.
Then invite well educated, highly skilled, high income potential people from Europe or other areas. Why import more lower social class, with no education, no skills, with little earning potential who will likely end up on assistance?