amicus
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The Social Security Scam of the Century
That ‘darling’ of the democrats, Franklin Delano Roosevelt, usually voted at or near the top of the list of ‘great’ Presidents, perhaps does not deserve that accolade.
The Social Security Act of 1935, taxed a large portion of the entire working population for, ‘old age insurance’. If you note that the life expectancy for men in 1930, was 55.5 years.
In other words, the Roosevelt administration submitted and Congress approved a form of mandatory taxation to support retirement benefits for men who would be dead nearly 10 years before they became eligible.
What a rip off! How did they get away with it?
Add to that, that the Great Depression only ended after US involvement in War was precipitated by the Japanese attack on Pearl Harbor.
Add also that many of the sweeping social programs instituted under Roosevelt were abolished as ‘unconstitutional’…without legal ground in our basic documents.
One might reconsider the place in history occupied by Franklin Delano Roosevelt.
Source: National Vital Statistics System.
http://www.efmoody.com/estate/lifeexpectancy.html
1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 1997
LIFE EXPECTANCY AT BIRTH
TOTAL 49.2 51.5 56.4 59.2 63.6 68.1 69.9 70.8 73.9 75.4 76.5
MEN 47.9 49.9 55.5 57.7 61.6 65.5 66.8 67.0 70.1 71.8 73.6
WOMEN 50.7 53.2 57.4 60.9 65.9 71.0 73.2 74.6 77.6 78.8 79.4
LIFE EXPECTANCY: (1999) In 1900, the life expectancy was 47 years of age. Only one person in 25 had then survived to age 60. Women lived shorter lives due to childbirth.
LIVING LONGER- (1999) In ancient Greece, for example, life expectancy at birth was 20. When the Declaration of Independence was signed, life expectancy was still just 23; the median age was 16. Even as recently as 1900, most Americans died by age 47. In 1870, only 2.5% of all Americans made it to age 65. By 1990, that percentage had increased five-fold to 12.7%. Today, 31 million people are over 65 -- and the figures continue to grow, bolstered by advances in medicine and public health.
(In 1990 only 12.7% reach age 65) Even as late as 1990, only 12.7 percent lived long enough to collect benefits from taxes paid for forty or more years of work.
The Social Security Act (Act of August 14, 1935) [H. R. 7260]
http://www.ssa.gov/history/35act.html
An act to provide for the general welfare by establishing a system of Federal old-age benefits, and by enabling the several States to make more adequate provision for aged persons, blind persons, dependent and crippled children, maternal and child welfare, public health, and the administration of their unemployment compensation laws; to establish a Social Security Board; to raise revenue; and for other purposes.
(7) provide that, if the State or any of its political subdivisions collects from the estate of any recipient of old-age assistance any amount with respect to old-age assistance furnished him under the plan, one- half of the net amount so collected shall be promptly paid to the United States.
(1) An age requirement of more than sixty-five years, except that the plan may impose, effective until January 1, 1940, an age requirement of as much as seventy years
Bear witness to the most obscene tax scam in the history of the US Government.
Amicus…(’The testicular Troll or uncontrolled arrogant anonymous orifice’) say that out loud a couple times, really has a nice ring to it….
That ‘darling’ of the democrats, Franklin Delano Roosevelt, usually voted at or near the top of the list of ‘great’ Presidents, perhaps does not deserve that accolade.
The Social Security Act of 1935, taxed a large portion of the entire working population for, ‘old age insurance’. If you note that the life expectancy for men in 1930, was 55.5 years.
In other words, the Roosevelt administration submitted and Congress approved a form of mandatory taxation to support retirement benefits for men who would be dead nearly 10 years before they became eligible.
What a rip off! How did they get away with it?
Add to that, that the Great Depression only ended after US involvement in War was precipitated by the Japanese attack on Pearl Harbor.
Add also that many of the sweeping social programs instituted under Roosevelt were abolished as ‘unconstitutional’…without legal ground in our basic documents.
One might reconsider the place in history occupied by Franklin Delano Roosevelt.
Source: National Vital Statistics System.
http://www.efmoody.com/estate/lifeexpectancy.html
1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 1997
LIFE EXPECTANCY AT BIRTH
TOTAL 49.2 51.5 56.4 59.2 63.6 68.1 69.9 70.8 73.9 75.4 76.5
MEN 47.9 49.9 55.5 57.7 61.6 65.5 66.8 67.0 70.1 71.8 73.6
WOMEN 50.7 53.2 57.4 60.9 65.9 71.0 73.2 74.6 77.6 78.8 79.4
LIFE EXPECTANCY: (1999) In 1900, the life expectancy was 47 years of age. Only one person in 25 had then survived to age 60. Women lived shorter lives due to childbirth.
LIVING LONGER- (1999) In ancient Greece, for example, life expectancy at birth was 20. When the Declaration of Independence was signed, life expectancy was still just 23; the median age was 16. Even as recently as 1900, most Americans died by age 47. In 1870, only 2.5% of all Americans made it to age 65. By 1990, that percentage had increased five-fold to 12.7%. Today, 31 million people are over 65 -- and the figures continue to grow, bolstered by advances in medicine and public health.
(In 1990 only 12.7% reach age 65) Even as late as 1990, only 12.7 percent lived long enough to collect benefits from taxes paid for forty or more years of work.
The Social Security Act (Act of August 14, 1935) [H. R. 7260]
http://www.ssa.gov/history/35act.html
An act to provide for the general welfare by establishing a system of Federal old-age benefits, and by enabling the several States to make more adequate provision for aged persons, blind persons, dependent and crippled children, maternal and child welfare, public health, and the administration of their unemployment compensation laws; to establish a Social Security Board; to raise revenue; and for other purposes.
(7) provide that, if the State or any of its political subdivisions collects from the estate of any recipient of old-age assistance any amount with respect to old-age assistance furnished him under the plan, one- half of the net amount so collected shall be promptly paid to the United States.
(1) An age requirement of more than sixty-five years, except that the plan may impose, effective until January 1, 1940, an age requirement of as much as seventy years
Bear witness to the most obscene tax scam in the history of the US Government.
Amicus…(’The testicular Troll or uncontrolled arrogant anonymous orifice’) say that out loud a couple times, really has a nice ring to it….
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