Should the government be responsible for financial safety nets such as social security payments to the retired and insurance payments to the unemployed

Question

Nigel Hughes

Social Studies

27 April, 01:15

Should the government be responsible for financial safety nets such as social security payments to the retired and insurance payments to the unemployed

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Answers (1)

Know the Answer?

Madden Fritz · Answer 1

Yes

Explanation:

The given case relates to the social security act that was passed by president Franklin D. Roosevelt. It is a government safety system for the disabled, the jobless, and the underprivileged.

The key requirement of the initial Social Security Legislation was to provide retirement compensation on the basis of lifelong payroll tax payments to beneficiaries older than 65 years old.

The Legislation also set up the Social Security Council, which eventually has become the Department for Social Security, to organise the Social Security Act as well as to decide the procedures for its execution.