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18 May, 10:56

What was the main purpose of the Social Security Act?

A. to offer public works jobs to the unemployed

B. To impose a 2 percent tax on all business deals

C. To provide a pension for people who were old enough to retire

D. To give health insurance to all children under the age of 10

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Answers (2)
  1. 18 May, 13:31
    0
    The Social Security part was originally designed as contributory program retirement plan trust fund - with the government role only as administrator. It is a self-supporting program which has had only 2 inserts of general revenue early on to cover disabled WWII vets and those who turned 72 before 1971. Also, since Reagan made SSI income taxable in 1983, a miniscule revenue stream results as well. Since inception, the fund has generated 13.8T in revenues through 2009 and expended 11.3T in the same period.

    Good luck

    But i have to say this is not really the main purpose. Sorry for can give for you what you want, but at least i can show you more about this.
  2. 18 May, 14:33
    0
    The answer is either C or A.

    The 1935 Act provided for "old age," retirement, benefits, aid to dependent children, disability insurance, and unemployment insurance.

    Sorry for the not specific answer, but the answer isn't B or D.
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