Tax
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New York Democrat Charles Rangel
claimed that no Republican voted for Social Security legislation when it came
up for a vote in 1935: “It should give you some small comfort to know that,
historically, the Republican Party always fought vigorously against these types
of programs,” Rangel said. “I don't think that one Republican voted for the
Social Security Act.” Rangel was trying to make the case that Republican
opposition to ObamaCare is similar to opposition to Social Security when it was
proposed.
House
Ways and Means Committee Chairman Dave Camp (R-MI) corrected the aging
congressman. “In fact, the
1935 law establishing Social Security passed out of the House with
the support of 81 Republicans. Just 15 opposed it. On the Senate side, 16
Republicans voted for it, and five voted against.”
When Social Security was first implemented, more than 30
people paid into the system for every person receiving a benefit. The ratio is
now around 3 to 1. These types of wealth transfer programs cannot be sustained.
Socialism works until you run out of other people's money. There were good reasons to oppose Social
Security. If the law had mandated that people should be forced to save a
certain amount of their income for retirement, that would have been one thing.
It would have been wrong, but it would be much different from the system we
have today. Social Security was more than just a forced savings plan……To Read More…..
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