Social Security Act of 1935

Social Security Act of 1935

Social Security Act of 1935 established old age insurance for much of the over 60 population. Half of the funds are provided by a payroll tax on workers and half is paid by employers. The act also provided federal unemployment insurance, welfare aid to low-income mothers (later amended to families), funding for individual state assistance to elderly individuals, and various other social insurance provisions.

Cry Wolf Quotes

The Form and nature of the old-age insurance plan, is very questionable; the whole matter should have received careful study by an expert commission. It would mean an added tax burden equal to nearly half of the existing total Federal tax burden.

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Editorial, The New York Times.

American Medical Association [AMA] was strongly opposed to any scheme for group practice and to health insurance ... because they are un-American.

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Dr. Morris Fishbein, editor of The Journal of the American Medical Association, The New York Times.

YOU’RE SENTENCED TO A WEEKLY PAY REDUCTION FOR ALL OF YOUR WORKING LIFE. YOU’LL HAVE TO SERVE THAT SENTENCE UNLESS YOU HELP REVERSE IT NOVEMBER 3.

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Two weeks before the election, workers in various Detroit plants found these placards at their workplaces. October, 1936.

I fear it may end the progress of a great country and bring its people to the level of the average European. It will furnish delicious food and add great strength to the political demagogue. It will assist in driving worthy and courageous men from public life. It will discourage and defeat the American trait of thrift. It will go a long way toward destroying American initiative and courage.

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Senator Daniel O. Hastings (R-DE) speaks against Social Security in 1935.