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1. Forrester, Nathan B., "A Hard Look at Social Security"
- Type:
- Document
- Date Created:
- 1996
- Collection:
- System Dynamic Society Records
- Collecting Area:
- University Archives
- Collection ID:
- ua435
- Parent Record(s):
- 23d738ba88f8333bc39725f9cb5bd0b8, ca4810593b2703dcaa087957ab13af91, and 227da936724c4223c5a64764d3922694
- Thumbnail Path Ss:
- /downloads/rj430p37g?file=thumbnail
- System Modified Dtsi:
- 2020-01-02T18:55:53Z
- Description:
- Past payment of social security taxes entitles no one to future retirement benefits, either legally or financially. In 1960 the US Supreme Court ruled in Fleming v. Nestor that workers have no property rights to past contributions or anticipated benefits. Furthermore, the Trustees and Actuaries of the Social transfer system, not a fully-funded retirement system. Current benefits are funded from current social security contributions. All future benefits will be funded by future taxes or future borrowing.