I am having trouble finding out the answer to a specific question concerning the economics of the United States’ Social Security, Medicare and Medicaid. I haven’t found it in the SDMB archives, though that’s probably due to my ineptitude at using its search engine.
My question is this. What would the dollar amount of a lump sum payment be for all currently living Americans’ contributions to Social Security and FICA? IOW, how much would it cost the country if the U.S. Gov’t just cut everyone a check for the amount that they paid in? Ignore trying to adjust the payout to inflation. Also, ignore any interest that the contributions would’ve accrued. No payouts of deceased persons’ contributions. Ignore whether the US actually has this cash on hand. Just a simple lump sum. If you can split it between SSI/Medicare/Medicaid, that would be great.
Cites would be tremendously helpful; arguments about the stability, necessity, or morality of SSI/Medicare/Medicaid, etc…are not.