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Social Security or Social(ist) Insecurity? Earned Benefit or Welfare Payment?

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First published at 12:32 UTC on January 16th, 2018.

the "issue"

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"The proceeds of both the employee and employer taxes are to be paid into the Treasury like any other internal revenue generally, and are not earmarked in any way." Helvering vs Davis, 301 U. S. 619

"To engraft upon the Social Secur…

"The proceeds of both the employee and employer taxes are to be paid into the Treasury like any other internal revenue generally, and are not earmarked in any way." Helvering vs Davis, 301 U. S. 619

"To engraft upon the Social Security system a concept of 'accrued property rights' would deprive it of the flexibility and boldness in adjustment to ever changing conditions which it demands."

"It is apparent that the non-contractual interest of an employee covered by the [Social Security] Act cannot be soundly a nalo gized to that of the holder of an annuity, whose right to benefits is bottomed on his contractual premium payments." Fleming v. Nestor, 363 U. S. 603

Social Security is nothing more than payroll tax going in, and a welfare check going out.

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