Create a free Diverse: Issues In Higher Education account to continue reading. Already have an account? Enter your email to access the article.

What F.D.R. Knew

When the Social Security Act of 1935 was being drafted, liberals chided Franklin Roosevelt for the measure’s funding method, via payroll taxes, which did little to redistribute wealth from the rich to the poor.

Roosevelt responded that the critics misunderstood the purpose of the payroll taxes. “We put those payroll contributions there so as to give the contributors a legal, moral, and political right to collect their pensions and the unemployment benefits. With those taxes in there, no damn politician can ever scrap my social security program.”

The trusted source for all job seekers
We have an extensive variety of listings for both academic and non-academic positions at postsecondary institutions.
Read More
The trusted source for all job seekers