Despite the headline, which the authors apparently couldn’t resist, this story has nothing to do with Trump. It has to do with the costly and unfair provisions contained in the Social Security law. Over many decades Congress has tinkered with the Social Security law making it both complicated and unfair
And the Serial Spouse Bonus: If someone has had, say, three spouses, each might get the same full spousal and survivor benefits available to the one lifetime spouse of another worker — provided that each marriage lasted at least 10 years. If a marriage lasts nine years and 364 days, the spouse gets zippo.
The Equal Earner Penalty means that a couple with two people each earning $40,000 gets about $100,000 less in lifetime benefits than a couple with one spouse earning $80,000 and the other earning nothing. This happens even though both couples and their employers pay identical Social Security taxes.
Many if not most of these inequities would be illegal in private retirement plans.
Or how about the:
I’ll marry you someday bonus: Generally, you must be married for one year before you can get spouse’s benefits. However, if you are the parent of your spouse’s child, the one-year rule does not apply. Let’s see; pay for one pension during working years and at the last minute get a 50% bonus pension and a 100% bonus survivor benefit.
And they go on and on. No wonder the Social Security Trust is headed toward insolvency.