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    Home»Stock»Elon Musk receives a strong message about medical care, social security
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    Elon Musk receives a strong message about medical care, social security

    msmarkBy msmarkMay 7, 2025No Comments4 Mins Read
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    The billionaire Elon Musk was not strange to the controversy, but some of the recent comments on immigrants, medical and social care sparked a studied response from a retirement research center.

    Jeffrey Sanzenbaba, an economic professor at Boston College, explained that as a rule, it is preferable to stay outside the daily news cycle drama, but these words caught his attention.

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    Discussion of his perception of waste and fraud in the spending on the FOX business network, Musk suggested that if it was eliminated, there was between 600 billion dollars to 700 billion dollars annually.

    “This is also the mechanism that attracts Democrats and keeps illegal immigrants, by pushing them mainly to come here and then convert them into voters,” Musk. He said. “This is the reason that the Democrats feel upset with this situation. If this magnet stops the giant money of illegal immigrants, they will leave and lose voters.”

    Related: Kevin O’Leari from Shark Tank sends a strong message about social security

    Sanzenbacher wrote about the reason for publishing an official response to Musk’s words.

    “When a prominent car manufacturer and space lovers in the Trump administration now claimed that the entitlements are a way to attract unauthorized migrants to the country to vote for the Democrats, I will admit that it caught my attention.” books.

    A retirement research professor is challenging in Elon Musk’s claim that immigrants come to the United States to collect the advantages of medical care and social security.

    JEWEL Samad & Sol; AFP via Getty

    The economist interacts with Elon Musk’s words on medical care, social security

    Sanzenbacher explained his area on how to decide what specific topics to write about in his response.

    “Let’s ignore the fact that unauthorized immigrants cannot vote (and no one showed evidence that they were doing this in any large number),” he wrote. “Instead, let’s focus on two reasonable questions.”

    First, Sanzenburger studied whether these programs served as an incentive for immigrants who are not authorized to reach the United States

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    The results indicate that unauthorized immigrants are not qualified to obtain pension allocations for medical care or social security, and there is no great evidence that they receive these benefits in large numbers.

    In fact, many contribute to these programs through tax statements without being able to claim benefits, which actually enhances the financial health of the two federal programs.

    “To the extent that unauthorized immigrants participate in these programs, they do this on the side of revenue,” Sanzenbacher wrote. “In short, group deportations will harm the confidence funds, and not help them.”

    Related: Scott Galloway sends a strong message about social security, boards

    Musk claim that medical care is examined, social security stimulating illegal immigration

    The second question that Sanzenbaba dealt with is whether the expansion of the accredited migration will negatively affect the financial stability of social security and medical care.

    While long -term effects are complex, research indicates that immigrants tend to be net contributors instead of financial burdens. They are pushing the system (but they do not receive benefits) and they have children who participate in programs as well.

    “On the side of medical care, the possibility of a positive impact is largely because immigrants spend less on health care than born in the United States.”

    “On the social security side, the possibility of the positive impact from this same feature stems – the migrants are often younger.” “This fact means that new immigrants contribute to the system at a time when we need it exactly – with the infant’s era.”

    Sanzenbacher is keen to clarify that it does not support unrestricted immigration, while recognizing important concerns. For example, the increase in immigration can affect wages, especially in the specified industries.

    Policies may need to target workers in the main occupations. While immigrants contribute to long -term economic growth, short -term costs such as education and infrastructure require a fair distribution. These discussions are necessary to form a immigration policy.

    “However, we can never reach these types of questions if we start with the complete imagination that come here to take advantage of the benefits,” Sanzenbacher wrote.

    “If anything, these programs benefit from them.”

    Related: The Veteran Fund Director reveals the prediction of the S&P 500

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