CHAPTER XXVII
COSTS OF SOCIAL SECURITY AND RELIEF
The ultimate success of a social security system will depend to a large degree upon cost. As has previously been discussed at length, a social security system is in the main a defensive program which occupies a subordinate position in maintaining and developing the productivity of the nation, upon which rests true social security. If excessive cost should reduce productivity and lessen employment, the system will do more harm than good. As the cost of a system increases, moreover, the danger becomes greater that the costs will have to be met through inflationary processes that tend to prevent the system from attaining the desired objectives. The question of costs is not, therefore, one to be left to a blind faith in the future. The interests of true social security are not served by the individual who suggests to the American people that when the danger of excessive costs is mentioned they should ostrich-like bury their heads.Social security systems may be developed in either of two ways or through a combination of them.
1. The more common way, as exemplified in the American old-age and survivors insurance system, is at the outset to include only those employees in the active service, and to pay benefits only as those covered employees gradually, class by class, reach the retirement age. Under this system, costs will increase annually until the system reaches maturity or full load, which will be sometime after the year 2000.
2. The less common way, to a considerable degree exemplified by the New Zealand system, is to begin at once to pay benefits to all members of the population who qualify for them. A system entirely designed upon this principle would start under approximately full load. The cost today would not be radically different from the cost in 2000 except for the gradual changes which may take place in the composition of the population and adjustments that have to be made because of price changes and other economic factors.

-658-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Relief and Social Security
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
/ 914

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.