Proof That There is no Social Security
PAYROLL DEDUCTIONS...
"The payroll deductions of workers do NOT go into any pool or trust fund, but: "The proceeds of both (the employee and the employer) taxes are to be paid into the treasury like other internal revenue generally, and are NOT earmarked any way."
"The Court points out that payroll deductions of American workers are NOT payments on premiums for insurance of any kind, but are simply income taxes: "...eligibility for benefits...(does) not in any true sense depend on contribution through the payment of taxes". FLEMMING v. NESTOR, 363 US 603, 609 (1960)
"Furthermore, payments made by employers for each of their employees are NOT matching to be credited to the account of the employee, but constitutes an EXCISE TAX on the employer's right to do business. Consequently, his so-called "contributions" go directly into the general fund of the treasury and "are NOT earmarked in any way". HELVERING v. DAVIS, 301 US 619, 635 (1937)
"Worker's participating in Social Security payroll deductions do NOT acquire any property rights or contractual rights through their payments as they would IF they were paying on an insurance policy or contributing to an annuity plan. Simply put, there are no guarantees! The Congress has power to deny benefits to Citizens even though they have paid Social Security taxes. Also, the amount of benefits are changeable from year to year at the option of Congress. Flemming v. NESTOR, 363 US 603, 610 (1960)
"Benefits granted under Social Security are therefore NOT considered earned by the worker, but simply constitute a gratuity or gesture of charity. As the Court states: "Congress included in the original act, and has since retained, a claim expressly reserving to it the right to alter, amend, or repeal any provision of the act." FLEMMING v. NESTOR, 363 US 603, 610 (1960) In effect, Social Security benefits are like pensions to be given or withheld at the discretion of Congress.
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Simply put, Social Security is A MASSIVE BAIT AND SWITCH PONZI SCHEME FRAUD!!
It's NOT an insurance or a retirement policy of any kind for we have NO/ZERO rights or claims over the money paid in.
And it's completely voluntary.
All that every dollar we pay into Social Security has gone to pay for is eaten up by the Federal Government's general revenue fund. In return for this bait and switch there are paper-electronic markers which represent debt which are deposited into the Social Security Trust fund. Hence, in addition to pay in payroll taxes We The People are also paying interest on more and more of this growing national debt. A huge component of which is fueled by this bait and switch PONZI SCHEME called Social Security.
This stuff makes corporate crimes committed at Enron and Worldcom look like future toddling criminals just learning how to walk.
Peace and God Bless!!
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