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DOGE deletes 7M Federal ID numbers

Summary:
If these numbers represent illegal alien people currently working using other dead peoples ID numbers, when the payroll taxes are paid this week and 7M fraud notices go out to the employers it could turn out Elon actually threw 7 million people out of their jobs this week … it could create a mass firing event of 7 million people who are currently working (albeit illegally but nevertheless) in the economy, …. causing a collapse in output and a collapse in tax receipts going forward…Mike will immediately see the corresponding drop in YoY tax receipts in his reporting data if this is what is really happening… we have to wait and shortly see if this is the real effect is of this policy…If so, the benefit to Trump politically might come when they rerun the SS actuarial numbers without the

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If these numbers represent illegal alien people currently working using other dead peoples ID numbers, when the payroll taxes are paid this week and 7M fraud notices go out to the employers it could turn out Elon actually threw 7 million people out of their jobs this week … it could create a mass firing event of 7 million people who are currently working (albeit illegally but nevertheless) in the economy, …. causing a collapse in output and a collapse in tax receipts going forward…

Mike will immediately see the corresponding drop in YoY tax receipts in his reporting data if this is what is really happening… we have to wait and shortly see if this is the real effect is of this policy…

If so, the benefit to Trump politically might come when they rerun the SS actuarial numbers without the future accrued liabilities of the 7 million now marked as dead people… Then he may be able to give current recipients a boost because the SS  “trust fund!” might appear over funded…







Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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