President Franklin D. Roosevelt signs into law the Social Security Act on August 14, 1935. Press photographers snapped pictures as FDR, flanked by ranking members of Congress, signed into law the historic act, which guaranteed an income for the unemployed and retirees. FDR commended Congress for what he considered to be a “patriotic” act.
Roosevelt had taken the helm of the country in 1932 in the midst of the Great Depression, the nation’s worst economic crisis. The Social Security Act (SSA) was in keeping with his other “New Deal” programs, including the establishment of the Works Progress Administration and the Civilian Conservation Corps, which attempted to hoist America out of the Great Depression by putting Americans back to work.
In his public statement that day, FDR expressed concern for “young people [who] have come to wonder what would be their lot when they came to old age” as well as those who had employment but no job security. Although he acknowledged that “we can never insure one hundred percent of the population against one hundred percent of the hazards and vicissitudes of life,” he hoped the act would prevent senior citizens from ending up impoverished.
Although it was initially created to combat unemployment, Social Security now functions primarily as a powerful safety net for retirees and the disabled, and provides death benefits to taxpayer dependents. The Social Security system has remained popular and relatively unchanged since 1935.
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It is amazing that anybody can believe in this bizarre vote-buying, wealth-stealing, piece of shit, garbage Communist unconstitutional program. I say this as somebody currently collecting SS. Most workers in my middle class income bracket would have millions of dollars of wealth if my “contributions” had gone to private sector investments.
The whole point of this is to make people dependent on Uncle Sam for staying alive. Hence people who are honest enough to privately condemn SS on principle are still reluctant to criticize it openly. This was the totalitarian camel getting its nose under the tent.
There nothing inherently wrong with Social Security . It’s the theft of the funds by criminal Congress and the use of it to flood America with illegal aliens and FSA that has left it and US bankrupt. FWIW, all money is created from nothing. It can be used for good or evil, but the powers that be always choose evil. Its just the nature of the beast.
yes, there is something inherently wrong with the concept of robbing one group of citizens to provide largesse to another group. Doing this at an institutionalized level across the whole society , one converts in an instant every man into every other man’s enemy. Everyone is promised a free income and easy living at everyone else’s expense, and because almost everyone eventually does accept the contaminated lucre, he cant very well complain about the system anymore can he? he was bought, and he knows it.
Beyond the horrific corrosion of social coherence that comes with these kind of ‘assistance’ programmes wherever they appear, there is the other more basic mathematical reality that it is impossible to put in X, pay out even a single penny for a bureacrat to manage X over some years, and be able to offer more than X back to other people at a later date. Some might make the vacuous claim of ‘but if the funds are invested they magically grow’ but this is again never guaranteed. The fact that for a few decades, during the wealthiest and most prosperous era of human history (namely the era of cheap and abundant oil, regardless of who was using it or what he was doing with it, it was for two generations almost impossible to truly fuck up because everyone was getting an enormous subsidy from geological energy reserves) , it was in fact possible to keep papering over the inherent stupidity of such a scheme (if it were privately run it would be the classic example of a pyramid scheme) , that was sheer dumb luck. In a stagnant economy, not to mention contracting, it is absolutely impossible to even keep such a scheme steady over time. Now add on top of that the fact that ‘managing’ it requires an army of bureacrats and enforcing it requires an even bigger army of bureacrats as well as cops, and it becomes even more impossible for it ever to break even over any serious length o0f time (like a single human lifespan). You dont even need corrupt politicians dipping into the till to guarantee that such a scheme goes bust.. then add that into the mix as well and it goes from clusterfuck to complete catastrophe.
It was however a grand victory in creating a huge class of dependents who would never seriously rock the boat because they were now on the dole.
The first generation of people who will be able to even speak clearly about this, aside from a few principled souls who refused to touch the dirty money when it was being handed out like candy (yes there are a few) , will be the (stereotypical?) gen-x’ers who know that they will never see a penny of any of this promised cash despite paying into it most of their lives. And any younger people, talk to them, the majority, in multiple countries i have lived or have contacts in, are broadly aware that theyre not getting shit when their turn comes. This can and will become a moral force great enough to overturn the ‘i paid and i have a right to these benefits’ free shit army mentality which sadly pollutes even most of the otherwise conservative population today. There will be no mercy for ANY free shit anywhere for many long generations afterward, i can assure you.
Yes, there is.
When government interferes with free men’s lives, it’s wrong.
FDR was one of the biggest traitors in American history, and yet he does not hold a candle to the traitors we have in Washington today.
Charles Ponzi was an amateur compared to FDR and all the criminals after him that continue to support it.