I was completing an on-line continuing education course yesterday for my insurance license, and one of the topics was the Social Security System. Easy enough stuff, but it did spur a thought on my part:
If "Obamacare" is illegal because the Federal Government has no authority to mandate the purchase of health insurance, wouldn't the mandatory contributions into the Social Security System also be illegal?
How is one different than the other? It gets better actually:
Social Security is technically an insurance program in that the amounts paid into the system are not returned to the individual taxpayer like an investment program, but instead go into a fund that, for all intensive purposes, simply provides something that looks like an annuity at retirement
In essence, your Social Security payroll taxes are actually insurance premiums.
I'll be waiting for all those opposed to Heath Care Reform to now come out against the unconstitutional mandate known as Social Security.