The Forgotten American Socialism Experiment,Social Security
America indeed dabbled in socialism, The year was 1935, on August 14th. The Social Security Act had just passed during the Great Depression under the legendary guidance of Franklin D. Roosevelt. The act is part of the New Deal intended to help lift up working class families who faced incredible economic hardships. 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.
As we continue the evolution of the Social Security program in the United States, we should continue to expand its inclusiveness, as some undocumented immigrants to the United States of America in an effort to secure a job occasionally pay into the Social Security system under somebody else's social security identity. While this is technically fraud, in most cases it is overlooked. The more widespread practice used to be you would be able to go to the government get a tax ID number, then pay into the system regardless of your status as a citizen without receiving benefits. However, with DipShit Donald J. Trump administration. This practice is likely to end as the turnover of tax information to Trump's Gestapo ICE will have a chilling effect on this volunteer process of undocumented people paying taxes.
I believe that if you pay into the Social Security system, you have a moral right to collect on what you have paid into that system. The fastest and easiest way to continue the longevity of the Social Security program is to simply remove the earnings cap, increasing programs funding capacity. Some organizations estimate it at 3.2 trillion over 10 years.
However, if we were to dream up a New Social Security program, I hope it resembles this. With a combination of a private government banking system run by the Fed operated at USPS locations to manage individual Social Security in a similar fashion to normal banking. Allowing more ease of access to an individual’s Social Security program as a whole, using the tax as a high interest CD allowing
the federal reserve to manage a loan program for low-income individuals. Along with expanding access to credit, allowing for large lump sums to become available upon retirement or small loans to be taken out against it. The limit to our creativity on how to fix a Social Security program is left to us. Whether we grow with small subsequent changes to the program kicking the can down the road or large fundamental changes. The decision is up to us as Americans.
You paid into the system, you have a moral right to the money, how do we choose to use it?