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To: RobbyS

It may have been promoted as a Government resource (rather that charities and churches), to support the disabled, elderly, widows and orphans - but when the Feds mandated deductions from the working poor they called it a ‘future retirement benefit’.


43 posted on 12/25/2013 1:11:28 PM PST by sodpoodle (Life is prickly - carry tweezers.)
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To: sodpoodle

Indeed, but it was not originally intended to be something to benefit the large middle class that appeared after World War II. Like the withholding tax, it served as a handy way of capturing a larger share the wealth that fell into the hands of a growing middle class than they might have. Excerpt for withholding, companies might have simply paid workers a higher salary rather than buy health insurance for them, and started us down the road that ends with Obamacare.


49 posted on 12/25/2013 8:24:05 PM PST by RobbyS (quotes)
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