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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
by roxolotl 2y 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.
- m463 2y agoIt seems like it is fraud perpetrated against specific people who have their social security deposits redirected, instead of payments to fake people.
- roxolotl 2y agoDon’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.