mama2one
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- Apr 8, 2018
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Debunked: Is Social Security Socialism? - Financial Market News
"But why is the social security system called democratic socialism? That’s because America is a democratic republic, and since social security structure is a federal department, with the taxpayers funding it but controlled by the federal government only, this includes ideals of both socialism and democracy; thus, the name democratic socialism.
It is also called so because it has democratic underpinnings; for instance, you can opt out of the social security program as it is not mandated by the Constitution or the federal government. As such, it is not a legally binding entity that forces citizens to be a part of it; this is where the socialist part fades away and the democratic part comes in; making the social security system a form of democratic socialism."
"But why is the social security system called democratic socialism? That’s because America is a democratic republic, and since social security structure is a federal department, with the taxpayers funding it but controlled by the federal government only, this includes ideals of both socialism and democracy; thus, the name democratic socialism.
It is also called so because it has democratic underpinnings; for instance, you can opt out of the social security program as it is not mandated by the Constitution or the federal government. As such, it is not a legally binding entity that forces citizens to be a part of it; this is where the socialist part fades away and the democratic part comes in; making the social security system a form of democratic socialism."
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