RoseGardenNews (@RoseGardenNews)
Posted
0 replies · 1 reposts · 1 likes
As Social Security fund runs dry, some Republicans say it's time to raise taxes https://www.yahoo.com/news/politics/articles/social-security-fund-runs-dry-210000751.html - According to the *1937 Supreme Court, Social Security is a Tax PAID The #SocialSecurity Act was drafted during FDR's 1st term, deemed Constitutional because it was labeled a TAX (*Helvering v. Davis, 301 U.S. 619 (1937). If this sounds familiar it should, unconstitutional #obamacare was passed the same way, as it only could, as a tax ...KEEP THIS IN MIND: Social Security and Medicare are not legally recognized property rights &therefore government can discontinue these programs at any time with out notice ...RUMOR HAS IT you can still hear FDR laughter in the Oval Office & Back-rooms of Congress regarding #SocialSecurity #revenue -The idea that "more would come in than go out" sold many #democraticparty and certain #republican Congressmen on the idea to vote for the bill Two Supreme Court rulings affirmed the constitutionality of the Social Security Act: Steward Machine Company v. Davis, 301 U.S, 548[8] (1937) held, in a 5–4 decision, that, given the exigencies of the Great Depression, "[It] is too late today for the argument to be heard with tolerance that in a crisis so extreme the use of the moneys of the nation to relieve the unemployed and their dependents is a use for any purpose narrower than the promotion of the general welfare". The arguments opposed to the Social Security Act (articulated by justices Butler, McReynolds, and Sutherland in their opinions) were that the social security act went beyond the powers that were granted to the federal government in the Constitution. They argued that, by imposing a tax on employers that could be avoided only by contributing to a state unemployment-compensation fund, the federal government was essentially forcing each state to establish an unemployment-compensation fund that would meet its criteria, and that the federal government had no power to enact such a program. Helvering v. Davis, 301 U.S. 619 (1937), decided on the same day as Steward, upheld the program because "The proceeds of both [employee and employer] taxes are to be paid into the Treasury like internal-revenue taxes generally, and are not earmarked in any way". That is, the Social Security Tax was constitutional as a mere exercise of Congress's general taxation powers. #SocialSecurity was suppose to be a “hand-shake” between WORKING citizens and their Government, that the government would be their saving acct …but it's the Federal Government that earns interest on YOUR social security money Over the course of an average workers life time they'll contribute ~$ 300K to their Social Security acct - if they live long enough, they just might get that back But by the same token, if that same $ 300K [SS contribution] had been in a personal account getting only market interest rates → that $ 300K contribution would be ONE MILLION PLUS Dollars, your own money, rightfully earned … …will the faux American Socialist #SocialSecurity System survive, NO ...set to fail from the day it was passed through BY #SCOTUS as a tax A Lesson For all Americans: FDR’s Socialist Social Security Plan was originally a GOVERNMENT REVENUE PLAN #SOCIALISMSUCKS