Social Security Reform

SOCIAL SECURITY REFORM2008Social certificate : BasicsSocial security is basically a liquidate as you go insurance system , where you be required to pay a sum of money to give social programs like retiree benefits , survivor benefits and disability benefits . In return we argon guaranteed the same aid in clipping of need . The program is not compulsory in nature , but once we register into the program (or more belike registered into the program by our p bents when we were kids there is no cancellation . Once we atomic number 18 registered we will be provided with a Social host term function (SSN ) and if we be not registered we will instead receive a Taxpayer Identification Number (TINUnder the Social credentials program , we are deemed to pay 12 .4 of our wages to a certain income mend 102 ,000 in 2008 ) for as long as we are receptive of our basic necessities . This pith is assisted by your employer who will pay half the amount when we are working for other individuals . If we are self-employed on the other hand , we should pay the enough amount (Berkowitz , 1993 Social certificate : IssuesII .1 .Original Intention and legitimate Accusations of the ProgramThe Social Security program began in 1935 , as citizens of the joined States were in the midst of battling the Great Depression . While new-made workers are busy keeping their families at a lavish stomach , elders without families are suffering from the impression , many train even lost their savings due to inadequate authorisation of the systemSocial security was first created under the intention of assisting next senior(a) and prevents them from having the same faith as those in the great depression . The Social Security system was established to ensure that future elderly would receive adequate retirement incomes coming from their give birth contributions when they were younger (Koitz 1999There are those just , which believe that the Social Security program has deviated significantly from its original intention .

Some of these opinions king simply be accusations coming from oppositions of the government . Some others however , restrain valid arguments supporting their claims . Some of those claims areSocial Security discriminates the myopic and the middle classThis sentiment came from the fact that under the Social Security program , workers are demanded to pay 12 .4 of their incomes only until it reaches a limit of 102 ,000 . This means wealthier people are actually pay a smaller percentage over their income , not to take down that they will most likely receive more than they have ever contributed to the program due to their longer life expectancySocial Security is a Pyramid SchemeOthers have the faith that the Social Security system was built on the wrong system , a system that will only work when people are continuously supported by generations that have larger amount of working people . In other words , when the human ecology is revealing a decrease in working age citizens , the system would crumble to the ground (Martin , 1995 , Skidmore , 1999II .2 .Crisis...If you want to get a full essay, order it on our website: Orderessay

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