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
[Social Security is] the end of democracy.
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.
So-called social security [will] mean industrial in-security.
Business and industry are already operating under heavy burdens: and that old –age insurance would cause more unemployment.
