American GovernmentEconomics - A merican...

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American Government-Economics In the medium term the role Most problems are related to U.S. the economy. One of the main problems facing the country today is social security. The United States was one of the last great industrialized countries to establish a social security the system. In 1911, Wisconsin passed the first state workers compensation law to be held constitutional. At that time, Most Americans believe the government should not have to care for the elderly, disabled and needy. But these attitudes changed during the Great Depression of the 1930s. In 1935, Congress passed the Social Security Act. This the law became the basis of the social insurance system of the USA. It provides cash benefits to retired workers only in trade or industry. In 1939, Congress amended the law to benefit and dependent children of retired workers and widows and children of deceased workers. In 1950, the event began to cover many farm and domestic workers, professional self-employed, and many states and municipal employees. The coverage was almost universal 1956, when lawyers and other professionals came under the system. Social security is a government program that helps workers and retired workers and their families achieve a degree of economic security. Social security also called social insurance (Robertson 33), provides cash payments to help replace lost income due to retirement, unemployment, disability or death. The program also helps pay the cost of medical care for people 65 years and for some workers with disabilities. About one sixth of the people in the United States receive social security benefits. People become eligible for benefits by working in a certain time in a job covered by social security. Employers and workers to finance the program through payroll taxes. Participation in the social security system requires 95 percent of all U.S. workers.
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Social security is different from public assistance. Social Security pays benefits to people and their families, largely based on work histories. Public assistance or welfare, aid to the needy, regardless of the records of their work. All industrialized countries and many developing countries have a social security system. The social security program of the United States has three main parts. They are (1) older age, survivors, disability and hospital insurance (OASDHI), (2) unemployment insurance, and (3) workers' compensation. SOCIAL SECURITY Payroll Tax This tax was to be taken from the payrolls of the nation's employers and employees. The Government believes that, like unemployment benefits, social security should be funded by those who received the greatest benefit, those who worked and were subject to need those benefits in the future. A plan that would affect only a tax paid by a number of years that have made those currently
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American GovernmentEconomics - A merican...

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