The Forgotten American Socialism Experiment,Social Security
. This was and is a redistribution of wealth from current working generations to past working generations, using a federal tax in order to collect and distribute payments to the various people of the United States. The program originally excluded professions like farm workers, domestic workers, as well as government employees. Although The Social Security program has gone through many changes over the years including the removal of these restrictions to make the most inclusive social safety net systems in United States history.
Social Security, A hybrid system
Some want to go to a fully private solution, while others wish to keep it in the hands of the government. Both have their downfall, which made me think why don’t we move to a Hybrid system?
In the hybrid system I am envisioning, the Social Security Tax would still be implemented. However instead of the government controlling one considerable sum of money, it would open High interest CD’s or savings Accounts for each individual within the banking system.
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