Social Security has never involved legally-binding contracts between the government and those who allegedly “pay in.” Nevertheless, the government has long pretended that there is a contract, except when it gets in the way of raising taxes to keep the program afloat.
Kirby R. Cundiff
Kirby R. Cundiff, Ph.D. (cundiffnsu@yahoo.com) is the finance program coordinator and associate professor of finance at Park University in Kansas City, Missouri. He is a chartered financial analyst and a Certified Financial Planner™.