ipl-logo

Persuasive Essay On Social Security

1794 Words8 Pages

Today as Americans, we suffer from many economic problems such as stock market crashes, health care spending, and social security issues. We do not realize what is happening because we are too wrapped up with everything else that’s going on in our lives so we choose to ignore it and let the problem fester to a point when it’s too far gone to fix. That’s the problem in our society, we pay too much attention to the unimportant things rather than to the problematic things right in front of our faces. The issue to cover today is the solvency of social security, will it be there fifty years from now or will our generation be succumbed to working until we die? This is an important ideal, because we need to keep our eyes open to worst case scenario. One reason to worry about our social security is because there are …show more content…

Back in the 1980s, abusing the system became a new trend and soon everyone hopped on the bandwagon. Politicians were one of the biggest contributors to this trend, they began with “temporary borrowing” which led to bad habits of not returning the money back into the fund. In the 80’s we didn’t really care about Social Security because it wasn’t a big concern, and now here we are thirty years later with a crisis of ‘Is there enough money to go around” and “If theres no money, when can I retire?” There’s also the problem of fraud. Statistics show that in 2012 fraud incidents had blown up by over one million peoples and the people committing fraud had stolen over 21 Billion dollars from our funds. (More Than 12 Million Identity Fraud Victims in 2012 According to Latest Javelin Strategy & Research Report. (n.d.). Retrieved November 9, 2014.) Another form of fraud is one done through Medicare. Medicare is

Show More
Related
365 Words | 2 Pages

The social security is a costing system and it occupies a big proportion in the government spending. In Barbara R. Bergmann’s article “Could Social Security Go Broke?,” she deems that there is enough fund in the social security system and the government can easily transfer the tax income from current employees and firms that employ these employees to the social security to support retirees’ lives. This point of view only can be considered as assumption, but not for the real world. After the finacial crisis in 2008, a large number of employees were laid off during that time and some employees decided to retire early, which results the labor force in American has shrunk. In the meantime, the presence of effective technology products,

Read More
740 Words | 3 Pages

The article Chicano Manifiesto by Armando B. Rendon is talking about Rendon’s experience living in the United States as a Chicano citizen. He grew up on the West side of San Antonio with his grandmother and mother. Rendon learned Spanish as his first language, but as he started school Rendon had to soon learn English quickly since speaking Spanish was not allowed. At the age of ten, Rendon and his mom moved to the bay area.

Read More
826 Words | 4 Pages

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).

Read More
1716 Words | 7 Pages

Did he ever wonder what would happen if the program paid out more than it brought in? The system beginning to default today, and it will most certainly have economic and social ramifications. The idea of social security today has also shown the people’s dependence on the American government, and it has developed into the fallacy that social security is a retirement investment fund: it most certainly is not. FDR’s original concept of Social Security was not that it would serve as a replacement to savings but as additional allowance. But today, because of the nature of the program, people view Social Security as a bank with unlimited funds to which they are entitled to.

Read More
1324 Words | 6 Pages

Charles Fusco, Federal Writers’ Project interview in which he offers his perspective on the New Deal, “Roosevelt Is a ‘Damned Good Man’” says, “This social security measure gives some protection to 30 million of our citizens who will receive direct benefits through unemployment compensation, through old-age pensions, and through increased services for the protection of children and the prevention of ill health.” “It will act as a protection to future Administrations against the necessity of going deeply into debt to help the needy. It is, in short, a law that will take care of human needs and at the same time provide the United States with a sound economic structure”(SQ 3, E). Social security was very important to the Success of the New Deal. The text says, “Social security was a piece of this change, signaling Americans viewed the government as responsible for ensuring that older Americans would live decent lives.

Read More
1289 Words | 6 Pages

In the year 1934 the American government would begin to answer it’s people’s call with President Roosevelt’s creation of the Committee on Economic Security (CES). Their task was to study economic insecurities within the United States and create a detailed legislative proposal as the basis for the Social Security Act. To accomplish this the CES completed a study that, according to the Social Security Administration themselves, was a milestone for the time: “Their full report was the first comprehensive attempt at this kind of analysis in many decades and it stood as a landmark study for many years“ (Social Security Administration, n.d., Header 16 Paragraph 1). With a recent diverse and detailed study to base their recommendations off of, the

Read More
746 Words | 3 Pages

This paper will explore the long term impact of the Social Security Act of 1935. The Act was created by the Roosevelt administration. Roosevelt believed that the provision for the public was a matter of justice, and not a matter of charity. Although a social security bill was introduced on January 17, 1935, the act did not emerge. The existing federal and state aid and old-age pension laws formed a national policy of social security.

Read More
681 Words | 3 Pages

The American Social Security program is in a troubling start. Funding for the program is slowly starting to trickle away as more and more citizens are starting to receive these benefits. The government needs to change something to try and fix this problem. Privatizing the social security program to allow banks to take over the program is one way politicians and economists have considered fixing the issues. This would allow the government to cut back spending in the area, allow the citizens to control more of their own retirement, and allowing them to get a higher return for their lifetime investments into the program.

Read More
1014 Words | 5 Pages

This did not have to be and this is the core the problem with Social Security today, its

Read More
956 Words | 4 Pages

Without immigrants, it is projected that the Social Security System will be unable to fully pay out all promised benefits. Although these seem great, the abuse of the Welfare system has done more harm to the economy than

Read More
721 Words | 3 Pages

Financial security is an aspiration for all families, wanting to secure their lives and not have to worry about the monetary aspects of the world. To have an economic safeguard, such as the Social Security Act, is crucial if someone is unable to work due to illness, age, sudden unemployment or when a provider passes away in order to provide some sort of income in times of need. This demand for insurance truly established itself sometime in the Industrial Revolution, as the United States began to become more forward thinking. However, it did not come to pass due to the short life expectancy in the 1800’s, around thirty-eight years old, and the lack of elderly individuals. As time went on, heading into the 1900’s, life expectancy began to rise and thus, the need for social security followed suit.

Read More
773 Words | 4 Pages

Younger workers are currently paying social security taxes to support the retired, and disabled. Younger workers are being cheated because the value of the taxes paid will not exceed the value of the benefits received in the future. Younger workers will never see the money they are contributing, as the Social Security system in its present form will be bankrupt. According to procon.com “The current social security program will become insolvent by 2034, so a better system is urgently required.” To elaborate, social security may result in bankruptcy because of the baby boom in 1946-1964.

Read More
1346 Words | 6 Pages

It’s not looking good for Social Security, but there are many pros and cons to this program which need to be discussed if the life span of Social Security is to be extended. Since the beginning of Social Security In 1935, providing benefits to old age survivors has been its main concern. Without SSA (Social Security

Read More
998 Words | 4 Pages

Since social security began in 1935, many retirees have depended on social security for many years. Though, according to predictions there is going to be a huge cut in the benefits of this program. The millennial generation cannot depend on the social security benefits, for when they retire in 40 years, they will need to find other ways to save for the future or to figure out a way to fix the social security trust fund from becoming expended. Social security is a foundation of economic structure for millions of Americans.

Read More
1002 Words | 5 Pages

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.

Read More

More about Persuasive Essay On Social Security

Related Topics

Open Document