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From: shad@teldata.UUCP
Newsgroups: net.politics
Subject: Re: Social (In)Security
Message-ID: <501@teldata.UUCP>
Date: Fri, 1-Feb-85 12:58:11 EST
Article-I.D.: teldata.501
Posted: Fri Feb  1 12:58:11 1985
Date-Received: Sun, 3-Feb-85 09:01:52 EST
References: <766@ratex.UUCP> <566@ccice2.UUCP> <313@ccice6.UUCP>
Reply-To: shad@teldata.UUCP (Warren Shadwick)
Distribution: net
Organization: Teltone Corp., Kirkland, WA
Lines: 38


 
>> 2) Eliminate the COLA. Find any other investment with a COLA. Give me a break.
> 
> It is not an investment, it is insurance.
...

> > SS is insurance, not welfare.
> 
> It is not insurance, it is an investment.

Contradiction?

> > 4) Eliminate heath subsidy (medicare) Why should I pay to keep someone alive
> > so I can pay them more substinance money. If you want health insurance, buy
> > it.
> 
> I thought SS was insurance. I thought these people had paid.
> Maybe they paid for an investment.

I wondered how long it would take in this dicussion for the current SS
fraud to be repeated.   Both of you have the wrong understanding of the
Social Security system.  The Supreme Court has stated (if not in so many
words) that Social Security is welfare: old age welfare.

"The noncontractual interest of an employee covered by the Social
Security Act cannot be soundly analogized to that of the holder of
an annuity, whose right to benefits is bottomed on his contractual 
premium payments."
                                   Flemming v. Nestor, 363 US 603.

Read the entire case, it is very interesting.

Warren N. Shadwick
... ihnp4!uw-beaver!tikal!shad
-- 
Warren N. Shadwick
... ihnp4!uw-beaver!tikal!shad