Social Security was framed as a compulsory insurance program. If there's a cap on benefits, it would seem reasonable there would be a cap on the premium. Since its founding, benefits have been awarded to people who didn't pay into the program making it a partial welfare system, but the cap remains to sustain the myth of it being an insur…
Social Security was framed as a compulsory insurance program. If there's a cap on benefits, it would seem reasonable there would be a cap on the premium. Since its founding, benefits have been awarded to people who didn't pay into the program making it a partial welfare system, but the cap remains to sustain the myth of it being an insurance program. Actually, it's just the raw power of the rich that sustains the cap. The rest is just their cover story.
Actually it's social insurance. People who receive benefits do so under someone's earnings record. May be a spouse, a parent, but someone had to pay to create a "primary insurance amount" (PIA) based on at least 10 years.
SSI (supplemental security income) funds do not come from SSA trust funds, rather from the general funds of the US.
Social Security was framed as a compulsory insurance program. If there's a cap on benefits, it would seem reasonable there would be a cap on the premium. Since its founding, benefits have been awarded to people who didn't pay into the program making it a partial welfare system, but the cap remains to sustain the myth of it being an insurance program. Actually, it's just the raw power of the rich that sustains the cap. The rest is just their cover story.
Actually it's social insurance. People who receive benefits do so under someone's earnings record. May be a spouse, a parent, but someone had to pay to create a "primary insurance amount" (PIA) based on at least 10 years.
SSI (supplemental security income) funds do not come from SSA trust funds, rather from the general funds of the US.
Really. Tell me more of your 💡.