General Discussion
In reply to the discussion: Should Social Security benefits be taxed? [View all]L0oniX
(31,493 posts)If anything it is for those can no longer work due to age and or disability, widows and children of of one sort or another. What it is now may not be all what it was initially intended to be. Some go by the letter of the law and others go by the spirit of the law. Intent IMO is everything.
"A limited form of the Social Security program began, during President Franklin D. Roosevelt's first term, as a measure to implement "social insurance" during the Great Depression of the 1930s, when poverty rates among senior citizens exceeded 50 percent. The Act was an attempt to limit unforeseen and/or unprepared for dangers in the modern life: including old age, disability, poverty, unemployment, and the burdens of widow(er)s with and without children."
That's the history I read. What it is now may not be all it was intended to be. I know many wrongly think of it as a retirement fund. It never was intended to be relied upon as a retirement fund nor was it ever intended to be only for those who have worked and paid into it.