Social Security

Aperson who won’t read has no advantage over one who can’t read…Mark Twain.

A message was sent to me stating that “Social Security and Medicare are not entitlements! We paid for them!” with an obligatory to pass it along.

Reality checks. This bit of socialism is paid for by taxing employed people; and the money is not yours, rather governments. When you pay taxes, title (ownership) to that money passes from you, the people, to government. Government will do with the money it collects as it desires.

Those who argue Social Security is unconstitutional never consider the SCOTUS case of Helvering v. Davis (1937). The Court declared Social Security taxation to be constitutional because “The proceeds of both taxes [employee and employer] are to be paid into the Treasury like internal-revenue taxes generally, and are not earmarked in any way”. That is, the Social Security Tax was constitutional as a mere exercise of Congress’s general taxation powers.

Social Security (FICA) tax began at 2% and is now 15.6% of earnings. This FICA tax will increase again.

The age for receiving so

cial security has risen from 60 to 68 for full benefits and will increasing to age 70 soon.

When social security was enacted (1935) the average life span of a white man was 59, and the average life span of a black man was 54.

Did Congress intended to pay this benefit to Americans or was it a wealth transfer scheme packaged with words that people thought were well intentioned law; a disguised motive?

Another fun fact is that Congress borrows from the Social Security “funds” paying a mere 1% interest rate. Remember that the national debt is $30 trillion levied on the backs of all Americans. And where does congress get the 1% it pays? From working taxpayers.

Richard Skidmore

Lancaster