The New Deal didnt go far enough: The Social Security Act established a divide between social security and welfare. Unemployment and old-age insurance would not be paid out immediately, but only after employer and employee taxes had been collected in federally managed funds for workers. A regressive payroll tax, capped at a fixed amount, assured that workers would pay more to finance the system than would the rich--despite the fact that the rich also would be eligible to receive benefits from the old-age pension program. [...] By design, the New Deal set up a distinction between those who deserved old-age or disability benefits because they worked, and the undeserving poor who were viewed as too lazy to work. Millionaire FDR himself called welfare a narcotic, a subtle destroyer of the human spirit.
Posted on: Mon, 24 Nov 2014 11:48:11 +0000
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