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by roxolotl 458 days ago
I mean… $100M of fraud is kind of a joke. Taking this statement at face value we’d be talking about a fraud rate of less than .01%. The US spent 1.3T on social security last year. A .01% loss rate would be absolutely remarkable and an incredible success given the massive benefits to society social security provides.
1 comments

It seems like it is fraud perpetrated against specific people who have their social security deposits redirected, instead of payments to fake people.
Don’t get me wrong I’m not trying to say we shouldn’t attempt to mitigate fraud. I’m saying that when presented with a problem it is important to apply a cost benefit analysis to the solution. This problem is relatively small. The proposed solution is very heavy handed. That makes me question the rationality of the solution.