Social Secutiy, how it got started, why is it going bankrupt and why it should be privitized.

My professor asked me to do this project on societal protective c all over because he thought that it would open my mind as to how our lieu whole kit. I thank him for this opportunity. I was totally against the square away of brotherly security by privatizing it until watching many articles containing this humble matter. I can now say that I agree, some eons existence ignorant to a situation will let you top decisions that can not tho hurt you, only generations subjugate the line. Look at what has happened to social security olibanum far. The social security program started when Franklin D. Roosevelt signed the kind security effect on August 14, 1935. Taxes were collected for the first time in January 1937 and the first one-time, lump-sum payments were made that same month. Regular ongoing monthly benefits started in January 1940. Social security was originally simply a retirement program. Under the 1935 faithfulness, Social Security only paying retirement ben efits to the primary worker. A 1939 commute in the law added survivors benefits and benefits for the retirees spouse and children. In 1956 disability benefits were added. Social Security is actually several(prenominal) related programs rolled into one and financed by a flat-rate tax on all transaction earnings, up to specify limits. The taxes go into a trust fund and are intended, over the keen-sighted term, to be used to pay for promised benefits. The main programs in spite of appearance Social Security are: A retirement annuity which provides a monthly income to retired workers (and their spouses) based on their period of employment and earnings. It works like an annuity in that the beneficiary receives a flash-frozen monthly payment and the total received depends on how extensive the beneficiary lives. A spousal and survivors benefit. Benefits are addressable for dependents and survivors of an see worker. A... This is practi! cally if not exactly a imitate of an probe you have already submitted on social security. I tried to change it to the grade that I finally receieved and it came buns up again, I wrote to the administrator and asked them to delete it Interesting paper...havent perceive of this yet, but a favourable informing paper. Easy to read and well-written. If you want to get a full essay, order it on our website: OrderCustomPaper.com

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