YOU DID NOT “PAY INTO” Social Security system– anymore than you paid into the income tax system or the Obamacare tax system.
Congress can spend your FICA tax money any way they want to. It is not invested for your benefit. The U.S. Supreme Court in Helvering v. Davis (1937), ruled that Social Security was not a contributory insurance program, saying on page 635:
“The proceeds of both taxes [the employee and employer taxes] are to be paid into the Treasury like other internal revenue taxes generally, and are not earmarked in any way.”
There is no promise to pay benefits. See my essay Things the government forgot to tell you about the Social Security System
The United States Supreme Court in 1937 confirmed that Social Security is an exercise of the Constitutional taxing power to collect taxes. These are paid into the general fund of the United States Treasury. The Supreme Court also said that Congress could, in its future discretion, spend that money for whatever Congress then judged to be the general welfare of the country. Congress has no constitutional power to earmark or segregate certain kinds of tax proceeds for certain purposes, whether the purposes be farm-price supports, foreign aid or social security payments. When Mr. Nestor was deported after 43 years in the U.S. — The Supreme Court in Flemming v. Nestor, 363 U.S. 603, found that there is no contractual right to Social Security benefits, there is no accrued interest or accrued property right in old-age benefits, and congress can vote any “adjustment to ever-changing conditions which it demands and which Congress … had in mind when it expressly reserved the right to alter, amend or repeal any provision of the Act “. There is no entitlement to benefits. Never has been.
There is no division of funds in the treasury — nor has there ever been so from the beginning of Social Security. There is no separate fund created by payments of the Social Security tax.
The Federal Reserve Bank is NOT ABOUT keeping a control of the monetary money supply. By the time FDR was elected, the debt had skyrocketed during peacetime between 1930 to 1934. The Federal Reserve was tightening the money supply as the debt expanded. Something needed to be done to guarantee the payment of the interest on that debt. Federal citizens were to about to become collateral for the national debt.
Socialism is NOT security. SS is just like Obamacare which the Supreme Court determined was “valid as a tax” but not for benefits. Once you get a SSN you are liable for “Social Security and other taxes”. Welcome to your Novus Ordo Seclorum.
See my video on the dangers of socialism. I prove that nobody is required to have a SSN.
AS IF IT WAS INSURANCE
While the system of Federal Social Security was “sold as if it were insurance”– it was not. There is a great deception, a strong delusion, that social security taxes are payments of insurance premiums to obtain specified benefits at a specified time. There is no such right.
“The President wanted everybody covered for every contingency in life—’cradle to the grave,’ he called it—under the social insurance system… But the Government of the United States is not an insurance company and so it could be done.” Forward by Frances Perkins Sec of Labor 1933-45 The Development of the Social Security Act by Edwin E. Witte, page 7. On page 936 through page 946 of the Ways and Means hearings an originator of Social Security [Edwin Witte] stated that Social Security was “sold as if it were insurance” and that was a mistake and should not have been published as such. So it wasn’t until 1953 an originator admitted that it is not insurance as published in 1936.
“AS IF IT WERE insurance” IS NOT insurance.
As discussed in topic 3, below, in both Supreme Court Davis cases: The Social Security Tax Act, gives the government no obligation to pay benefits as “an earned right”. This is because the government has “no contractual obligation” to make any return payment, and it has carried the provision from the very beginning that, “The right to alter, amend, or repeal any provision of this act is hereby reserved to the Congress.” Therefore “Congress could continue to collect the so-called social security payroll taxes even though Congress discontinued all social security benefit payments.”
This is exactly what you should expect as the national and world economies continue their descent into devastating decline, debt and disaster. An essential purpose of the system introduced as social security was to add the labor of Americans to the collateral of the State so the people would become a surety of the already increasing debt that powers your central government. To believe that you have a right to get back specified benefits because you paid into Social Security is a delusion.
You were warned in Proverbs 17:18 not to become surety for debt.
Once you get a Social Security Number to change your citizenship to a dual citizenship*, you cannot complain about the consequences. The Social Security Act Title VIII section 801 then requires you to pay Social Security AND OTHER TAXES.
This is also repeated word-for-word in Section 3101(a) of the Internal Revenue Code: “In addition to other taxes, there is hereby imposed on the income of every individual a tax equal to the following percentages of the wages…” Even though the Constitution still requires direct taxes to be apportioned among the several States.
* The Supreme Court in U.S. v Cruikshank case, 92 U.S. 542 at page 551:
“It is the natural consequence of a citizenship which owes allegiance to two sovereignties, and claims protection from both. The citizen cannot complain, because he has voluntarily submitted himself to such a form of government.”