How social security picks your pocket! [electronic resource] : a story of waste, fraud, and inequities / Joseph Fried.

Social Security is no bargain, but few Americans are aware of the staggering waste and inequities built into the system. This easy-to-read, opinionated and thoroughly documented book expands the debate to the areas of disability abuse, fraud, and inequitable benefit shifting. If you're not mad...

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Bibliographic Details
Online Access: Full Text (via EBSCO)
Main Author: Fried, Joseph
Format: Electronic eBook
Language:English
Published: New York, N.Y. : Algora, ©2003.
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520 |a Social Security is no bargain, but few Americans are aware of the staggering waste and inequities built into the system. This easy-to-read, opinionated and thoroughly documented book expands the debate to the areas of disability abuse, fraud, and inequitable benefit shifting. If you're not mad yet, you will be. Opinionated and well-documented, the book goes beyond discussions of the pending insolvency of Social Security to illustrate numerous distortions in the way Social Security distributions are made, often to the benefit of those who need it least. The author exposes how Social Security is implemented - who wins, who loses, and how the game is played; and offers suggestions for improvements to the system. A CPA and an MBA, Fried illustrates his points with easy-to-follow scenarios and offers prescriptions to make the system more equitable. By now, most people realize that Social Security is no bargain, but few are aware of the staggering waste and inequities built into the system. This succinct and focused book expands the Social Security debate to the areas of disability abuse, fraud, and inequitable benefit shifting. Teachers in Texas just pulled in nearly half a billion dollars in Social Security benefits, awarded on the basis of a "loophole"; but, you and I know that Social Security won't be there when we need it. This and many other anomalies, created and permitted for political reasons (e.g., powerful employee unions), are clearly presented in this thoroughly-documented book. "Joseph Fried has put together an excellent examination of our government Social Security program and why it must be changed ... Plus, the book is a fun read."--Walter E. Williams, John M. Olin Distinguished Professor of Economics, George Mason University. "Mr. Fried has done three things here: written a cracking good story, revealed everything important about the retirement system for most Americans, and offered solutions to the looming disaster that are worth your consideration."--Jameson Campaigne, Jr., Secretary, American Conservative Union. Joseph Fried, MBA, CPA, has been a practicing accountant with Ernst & Young and with his own firm for over 20 years He has counseled small business clients in compensation planning and retirement planning, and the cost-benefits of Social Security 
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