Skip to main content

All Questions

Tagged with
-4 votes
4 answers
598 views

How do social security payments compare to investing the same amount of money in treasury bonds?

Social security tax is about 12% of income. The average income in 1950 was about 3k adjusted for inflation. If someone in 1950 worked a full career (30 to 65) and invested at a typical 10y treasury ...
user avatar
3 votes
0 answers
42 views

Who are the key individuals in Canada's Old Age Security program?

I am a student doing a project on the Old Age Security (OAS) program for Civic Studies 11. I have tried researching important individuals involved in this program, but could not find anything. Any ...
James Wu's user avatar
  • 131
-5 votes
4 answers
452 views

Would privatizing Social Security "solve" Occupy Wall Street?

The Democrats oppose privatizing Social Security because it wouldn't be fair to those who have already given money into the system. The Occupy Wall Street movement was founded on the rich having a ...
Dale's user avatar
  • 109
2 votes
1 answer
139 views

What was the legal justification for H.R.2419 (protection of social security)?

As per "42 USC § 401 - Trust Funds": (h) Benefit payments Benefit payments required to be made under section 423 of this title, and benefit payments required to be made under subsection (b),...
user4012's user avatar
  • 92.8k
9 votes
4 answers
40k views

Do people who never paid FICA taxes get paid Social Security when they retire?

From @Chad's comment: It is how SSI works. There are some exceptions for people with disabilities where they receive money based on what they could have contributed, but yes you have to contribute ...
user4012's user avatar
  • 92.8k