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Senior Advisor

Social Security history of lies.

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Here's what the 1936 government pamphlet on Social Security said: "After the first 3 years — that is to say, beginning in 1940 — you will pay, and your employer will pay, 1.5 cents for each dollar you earn, up to $3,000 a year. ... Beginning in 1943, you will pay 2 cents, and so will your employer, for every dollar you earn for the next 3 years. ... And finally, beginning in 1949, twelve years from now, you and your employer will each pay 3 cents on each dollar you earn, up to $3,000 a year." Here's Congress' lying promise: "That is the most you will ever pay."

 

http://www.creators.com/conservative/walter-williams.html

2 Replies
Highlighted
Advisor

Re: Social Security history of lies.

The lie runs deeper. The program was structured so that your payments are really considered a tax and the government is under no legal obligation to pay you anything.
Highlighted
Senior Advisor

Re: As with all legislation

We are one congress away from change.