Social Security was signed into law in 1936 by Franklin D. Roosevelt; the first payments went out five years later and have continued ever since. However Social Security is an entitlement and NOT a welfare. It is earned through years of working and paying taxes into the system. For those born after 1928, you’ll have to accumulate at least 40 quarters of work to be eligible. You start receiving Social Security benefits when you reach a full retirement age. Anyone, regardless of income level, is entitled to receive their EARNED benefits. Back in 1936, when Social Security was first being introduced, a pamphlet was circulated with this quote: “The checks will come to you as a right.” Social Security is an entitlement.
Welfare, on the other hand, is a financial support given to those in need. There are certain requirements to qualify but it has nothing to do with paying Social Security taxes, and there is no work history required to qualify. Therefore, Social Security is NOT a welfare.
Clear as mud?
It is not so to a certain columnist of Washington Post. Back in 2011, he has posted a piece of work on the WP website. In it, he repeatedly stated that Social Security is welfare, and was doing this despite angry posters who were offended. However, according to OP, we are not officially calling Social Security welfare because doing so would be politically incorrect. Furthermore, he states that Social Security taxes one group against the other which in his definition makes it a welfare.
When OP states that Social Security taxes one group against the other, he is partially correct. This however doesn’t give him the right to label Social Security a welfare. Not that he cares.
Social Security is and always been, an intergenerational transfer of wealth.
The fact according to Pewresearch website, is that the benefits received by today’s retirees are funded by the taxes paid by today’s workers. However when today’s workers retire, their benefits will be paid for by the next generation, and so on and so forth. Your Social Security benefit amount is based on your earnings history and age at retirement, and not by need like welfare.
Still, Social Security is NOT a welfare. And OP interpretation doesn’t change the facts. He however continues standing his ground despite protests of the folks posting on his column. He goes by the principle, “because I said so, that’s why.” No doubt this principle was planted into him since childhood.
Apparently, Washington Post agrees with his point of view or else they wouldn’t allow him to write this carp or they would remove said posts. I am offended by his piece of work. And the Washington Post has lost its credibility in my eyes. Not that they care.