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| Topic: |
Social Issues
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| Number of pages / Number of words: |
15 / 4093 |
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Roosevelt by an act signed in 1935. This first plan was very modest, covering only workers in commerce and industry. Taxes were to be collected beginning in 1937 at 1% of the first $3000 of a workers pay, with a minimum payment $30 a year. Benefits initially averaged a meager $22.60 a month. The reason for this was because President Roosevelt never intended Social Security to be the major source of income for the retired, but rather as a means to ward off the destitution so prevalent after the depression...
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Benefits initially averaged a meager $22.60 a month. The reason for this was because President Roosevelt never intended Social Security to be the major source of income for the retired, but rather as a means to ward off the destitution so prevalent after the depression. F.D.R. is quoted, "We can never insure 100% of the population against 100% of the hazards and vicissitudes of life, but we have tried to frame a law which will give some measure of protection to the average citizen and to his family?against poverty-ridden old age...
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