Template:Insuress

Social Insurance of the State

• Helvering v. Davis (1937), Court had ruled that Social Security was not a contributory insurance program, saying, “The proceeds of both the employee and employer taxes are to be paid into the Treasury like any other internal revenue generally, and are not earmarked in any way.” The people do not have "an earned right".
• “Congress could, in its future discretion, spend that money for whatever Congress then judged to be the general welfare of the country” having “no constitutional power to earmark or segregate certain kinds of tax proceeds for certain purposes, whether the purposes be farm-price supports, foreign aid or social security payments.” The Social Security Tax, by Clarence E. Manion. U.S. vs. Butler, 297 U.S. 1 (1936); Steward Machine Company vs. Davis, 301 U.S, 548 (1937); Helvering vs.Davis, 301 U.S. 619 (1937).
• Social Security was not a Ponzi scheme because there was never any intent to return a profit nor a guarantee of benefits. It is true that it was sold as a social safety net, but was neither true insurance nor a system that promised returns on your investments.
• “The President wanted everybody covered for every contingency in life---’cradle to the grave,’ he called it---under the social insurance system… But the Government of the United States is not an insurance company and so it could be done.” Forward by Frances Perkins Sec of Labor 1933-45.
• The Development of the Social Security Act by Edwin E. Witte, ppVII.
  On page 936 through page 946 of the Ways and Means hearings (1953) the originator of the Act, Edwin E. Witte, stated that the phrase “sold as if it were insurance” was a mistake and should not have been published as such. It was not until 1953 when the originator admitted that it is not insurance as published in 1936. To be like insurance is not being insurance.
• What was it?

“Protection draws to it subjection; subjection protection.”