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Argumentative Essay On Social Security

548 Words3 Pages

Our government has become so large that it has literally crowded out any other type of influential institutions from the public imagination. Citizens are constantly criticizing the government for their actions yet when something goes wrong society turns to and expects the government to fix it. The government funds programs such as food stamps, housing, prescription drugs, and medical care as well as hundreds of others, but, because of the rising cost of funding these programs it is becoming increasingly difficult for the government to stay ahead. With all of the programs currently funded by the government, even with an accurately predicted cost of a Social Security Act the long term sustainability of such a program is highly unlikely. I believe the government should provide citizens with protection through laws and a fair justice system as well as help the poor and sick. What I don’t believe is that the government should force people to pay for a Social Security program through taxes that has no way of being properly funded in the future. Ryan Messmore in the article A Moral Case Against Big Government describes a good but limited government as one that “serves its citizens by exercising well its particular task and refraining from other” (Messmore, 2007). …show more content…

In part, the Social Security Act would be so expensive because it is available to everyone, no matter what their financial situation is. The poor and rich alike all qualify for this program and number of people that participate will continue to rise each year. Should all American’s be forced to pay taxes for Warren Buffets retirement when he is obviously financially capable of paying for his own

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Some argue that the government is already doing too much for those in need, causing them to become less and less self reliant but there are so many areas in which the government struggles with setting recipients up for long term success. “ What most people seem not to understand is that even when single mothers work. They must pay either babysitters or daycare providers, and both are expensive” (NY Times, 2016, p. 2). Any reasonable parent would consider this and most likely it would cross their mind that almost all of the money they will be making that day will go straight to paying for a babysitter so it’s a lost cause. “Welfare should be not just about forcing women into the workforce, but also about helping them continue their education so that it might lead to a better job” (NY Times, 2016, p. 2).

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Another con to replacing Social Security is that gives the person responsibility of having to make a retirement plan and being able to make investment. Many people are not capable of such decisions and many will be taking an investment risk. I support replacing Social Security with private funds because as I mentioned earlier “instead of sixteen workers paying in for every beneficiary, right now it 's only about three workers” (Reno) for social security to function to its full potential the ratio would have to be sixteen to one but the number is much less than that its only three to one and the ratio will only continue to fall. As baby boomers begin to retire it is causing the social security system to face difficulties since the baby boomers generation will be a big number of people retiring that the working class will not be able to support them (Reznik, Shoffner,

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However, there are some people today that abuse this financial aid to reap the benefits by injuring themselves which is unlikely but possible and by exceeding their stay on the free ride when they are healed up and ready to go back to work. Originally there was 37 million dollars distributed to the recipients of social security and now there is about 15 billion (ssa.gov). The government determines the amount of Social Security benefits a person receives based on lifetime earnings for their retirement. Disability benefits are based on average monthly income. Saying that, I do think that social security (governmental aid) is rightfully beneficial to the people who need it, but the way in which people are evaluated to receive money from the government should be more strict.

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putting the security of these civilians a risk, defeats the whole purpose of social security, which is why the privatization of Social Security would be foolish. A major risk of privatization is that the transition from a “pay as you go” system to a fully funded system would be very difficult to manage, for many reasons. Currently, the taxes paid by each generation of workers fund the retirement benefits of the previous generation of workers. While each generation of workers has been confident that its retirement would be financed by the next, this confidence is eroding (Pollard 1).

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It marked a shift in the role of the national government, as it established a system of retirement benefits for seniors and more such as unemployment insurance, aid to dependent children, and disability insurance. These programs helped provide safety for Americans who were struggling during the Great Depression, and they continue to provide support to millions of Americans today. The program was designed to assist older Americans who were unable to work, and it has been instrumental in reducing poverty among seniors. According to History Editors, the “Social Security Act”, the president “created Social Security, a federal safety net for elderly, unemployed, and disadvantaged Americans. The main stipulation of the original Social Security Act was to pay financial benefits (Social Security Act).”

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The idea was thought of by some to be an outrageous proposal, but is now widely accepted by both liberals and conservatives everywhere. Similar to minimum wage, social security was also thought of as a radial form of collectivism back when it was established. (“Franklin D. Roosevelt” 2016) Social security works by adding a tax on everybody's pay, that is kept track of so when they retire, it can be paid back to them by the government. It is a way of guaranteeing a person saves for retirement.

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For many in today’s political culture, their perception of the current Social Security system resembles that of an empty childhood promise. Policy makers have begun to invest time and resources into areas of research that help determine whether to continue funding the current system, or to bring about mass reform. Both perspectives offer valid points defending their stance, however, the fundamental backing of a strong Social Security system relies on its ability to procure hardships and economic setbacks while still proving those relying on the payments a deserved sense of economic security. Similar to almost all major political debates there are those advocating for reform, stagnation, and then entering into a state of oblivion. As the

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I chose this decision because this will add revenue to the government and help lower down the national debt. Moreover, it will help the Social Security system to continue functioning and funding benefits to the citizens. The benefit of this is, it will increase the revenue by $90 billion and decreases the national debt by 3% in the long-term. On the contrary, people who make a lot of money of more than $120,000 to $360,00 will lower their Social Security benefits. However, this would not affect wealthy people adversely; they already make a lot of

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One benefit of having the government privatize Social Security is that it gives the citizen much more control over their own retirement. Allowing them to monitor and track the bank account and watch it rise allows them to have a higher entitlement to their own earnings. Instead of just dumping money into the system all throughout their lives and not seeing anything until retirement, it will give them something to look at. With the current

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The US spends about $128.9 billion a year on social security benefits (Francis). Its suspected that by 2053 we will be in debt $287.6 billion more than we currently are (Francis). Once again, we are spending money on things that we can solve

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So called well intentioned by socialists, who in my opinion had no concept of the dynamic of the free market, designed what is essentially known today as a Ponzi scheme. The Social Security Act was enacted in an atmosphere of nationwide suffering, deprivation and discouragement, and it was not well thought out, as is the case with most socialist utopian schemes. There was the task of setting up vast administrative systems to implement the provisions of the Act to bring its benefits quickly to the millions of people who really needed them. The Act covered a broad spectrum of benefits but none the less all socialistic by design.

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Although there are many social welfare policies to choose from I think that the Social Security Act is the most important just based on the fact that is effects the lives of many people in society. The older retired members of society make up a large number and even though there are subcategories within that group, almost all are affected by the Social Security Act. Everyone who once contributed to Social Security should be entitled to receive that money back because that is why this particular act was put in place. Recent talk about the lack of funds has gotten many expecting beneficiaries of Social Security worried. The Social Security Act is important to me as a developing social worker because I think if a person was once promised something

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Making Social Security fairer for all citizens will require a careful balancing of competing priorities, including ensuring that the system is adequately funded, adjusting eligibility requirements and benefit calculations, and ensuring that benefit amounts are sufficient to meet the needs of all eligible individuals. Social Security is funded through payroll taxes, and increasing the overall tax rate or removing the cap on taxable earnings could help ensure that the system has sufficient funding to provide benefits to all eligible individuals. Some advocates have proposed adjusting the benefit calculation to provide more support to low-income individuals, which would help ensure that Social Security benefits are distributed more equitably. Expanding eligibility to include more workers could help ensure that more individuals have access to the support provided by Social Security. Lastly, Increasing the overall level of benefits could help ensure that all eligible

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“153,323,000 total benefit-takers at the end of 2012, said the Census Bureau, equaled 49.5 percent of the population” (Terence P. Jeffrey). Now, more than %50 of Americans are using some sort of government benefit. That is more than the entire population of Russia that is relying, or at least partially relying, on the government for help or money. And %100 of the country is paying for half of its people to be on benefits. The main concept of socialism is that the collective group helps pay for all and that is exactly what’s going on except half of them aren’t even getting anything in return.

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As a society we need to accept that it is up to our generation to fix this issue. Reforming Social Security will benefit everyone living in the U.S. in the long run. Restoring Social Security to its once former glory is a necessity to benefit our further generations and to create a better future for the next generation of workers. In order to accomplish this lofty goal I propose that we increase the payroll tax cap to boost Social Security’s funding and reduce benefits for the higher income earners who do not need Social Security as much as others do. The majority of Social Security’s income originates from the Social Security payroll tax.

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