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The Problem Of Social Security - 1534 Words

Social Security Benefits The Problem Social Security Faces: The concept of the â€Å"graying of America† is becoming a more pressing issue as the baby boomer population is coming of age to retire. Between years 2000 to 2010, the number of Americans aged 65 and older increased a staggering 15.1 percent (35 million to 40.3 million) (Karger 2014, pg. 202). Demographics suggest that by 2050, the number of this age group will increase to 88.5 million (Karger 2014, pg. 22). Not only is this population growing, but people are living longer. The larger issue is having enough money to provide people benefits to sustain a decent quality of life. Assistance and Limits associated with this program: Social Security is a system in which people must insure†¦show more content†¦The benefit will be reduced by one-half of one percent for each month a person decides to collect Social Security benefits before their full retirement age. It is also possible to continue to work and simultaneously receive retirement benefits. Benefits will not be reduced in the month a person reaches full retirement age. However, benefits must be reduced if earnings exceed certain limits for the months before full retirement age is reached (Social Security Administration 2016, pg. 5). Funding and Distribution: Each worker in the United States pays taxes into Social Security. This money is used presently for those who have already retired, disabled, survivors of workers who have died, and dependents of those who received benefits (Social Security Administration 2016, pg. 7). The money that a person pays in taxes is not put into a personal trust fund. The government uses the taxes a worker pays to give benefits who are the current recipients. Any â€Å"leftovers† go to the general Social Security trust fund, but not a personal account with a specific name on it (Social Security Administration 2016, pg. 7). To visualize subsidies for retired workers, below the figure shows a hypothetical benefits breakdown for workers retiring at age 65 in 1982 (Social Security Administration 2016, pg. 8). Type of Worker Monthly Benefits Benefit-Contribution Ratio Annuity Based on Contribution Subsidy Subsidy as Percentage of Monthly Benefits Single male, maximumShow MoreRelatedSocial Security : A Social Problem3610 Words   |  15 PagesThe social security deficit is one that consumes the economy in the greatest way possible, whether man is aware of it or not. Social Security is an insurance plan the working class earns their beneficial coverage due to their work hours and tax paying on their earnings. The program is for the disabled and for those who can longer work due to health issues, or because of the retirement age that is required to have reached and some have met. To solve the social security dilemma some of the actionsRead MoreThe Problem With Social Security Trust Fund865 Words   |  4 PagesThe problem with Social Security trust fund is that at the present time there is more credit in the trust fund than is required for payment of Social Security benefits. â€Å"By 2027 revenue coming into the trust fund will fall below the level of being paid out, and by 2040 the trust fund will be depleted (Quadagno, 201 4).†Meaning there will be not enough money from payroll taxes to pay all the benefits that are promised to citizens. This puts everyone who is going to enter retirement in jeopardy. EvenRead MoreSocial Media Has Cause The Security Problem855 Words   |  4 Pagescollege students will build the close relationship with their teachers and more enhancing their engagement with study through using the social media, using social media still exist some unsafely problem to the student. 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Social Security is a needed federal system that encourages income stability to millions of people across the United States. This is accomplished by giving a stable flow of income to replenish lost wages that occur as a result of disability, retirement, or death of a family member. There are about 59 million people in the U.S. that

Scramble for Kenya Free Essays

Imperialism is defined as one country’s domination of the political, economic, and social life of another country. In Africa in the nineteenth and twentieth centuries, imperialism was present and growing. The main countries involved in the imperialism in Africa were the French, German, and Britain. We will write a custom essay sample on Scramble for Kenya or any similar topic only for you Order Now All of these countries were in a constant struggle to become the most powerful, to have the most riches, and control over high abundances of the natural resources in Africa. One region in particular being that of present day Kenya was desirable to the British. Although Britain’s reason’s to imperialize Kenya were selfish and harmful, in the long run Britain helped Kenya progress. On a quest to find natural resources in Kenya the Portuguese were among the first European settlers along the coast of Kenya. Up until the 19th century, very little was known about Kenya’s land beyond the coast until the arrival of the British who came and colonized Kenya. Kenya was under the control of British between the 19th century and mid 20th century. In the early 1800s, European powers began rushing to get a hold of unclaimed territories within areas of interest in Africa. Zanzibar and the interior of Eastern Africa caught the attention of both Germany and Britain. To avoid conflict, in 1886, Germany and Britain signed a treaty in which they agreed upon what lands they would pursue. Germany would take the coast of present day Tanzania and Britain had access to the area where Kenya and Uganda lie. 1 Britain was also interested in other areas in Southern Africa; however, the British were hesitant in accepting full responsibility for the region they had access to. The result was Britain allowing a commercial company, the Imperial British East Africa Company (IBEAC), the right to administer and develop the eastern territory. The IBEAC was responsible for the land stretching from the eastern coast of Africa to Uganda all the way to the northwestern part to Lake Victoria. 2 The British settlers were particularly attracted to Kenya’s fertile highlands. Britain’s main interest in Kenya was not to control the local people, but to build a railway that would connect Uganda and Zanzibar, to the Indian Ocean. The railway was important for strategic and economic reasons. It was to be the main link that would connect Lake Victoria and Uganda. Uganda became a source of interest since the source of the Nile river was thought to be there. The construction of the railway led to immigration of people from India who were imported to work on the railway. In order to maintain control over the Kenyans, the British limited their education to practical skills for working on farms. The colonial government forced Kenyans to work. In 1901, the British imposed tax payments in every area that they controlled. In order to make room for the incoming British, indigenous agricultural peoples such as the Kikuyu and the Kampa were removed form their land and relocated. No longer allowed to farm on their own land, many Kenyans were forced to work for Europeans growing cash-crops. Wages for these workers were very low. Laws were also put in place by the colonial government that allowed employees to be fine or imprisoned if employers were not pleased with their work. It was these crimes, among other abuses, which gave rise to independence movements in Kenya which eventually liberated the country from the British. Discrimination, imposition of taxes, forced labor, and confiscated land caused friction between Kenyans and the colonial government. 4 The friction led to eventual resistance by Kenyans against the British rule. Rebellious groups were formed one of them being the Mau Mau. The Mau Mau was a rebellion group formed to oppose British rule from 1890 until 1960. They worked on plans to force the British to leave. The loss of European life is very little. The main victims of Mau Mau violence are other Kikuyu who refuse to support the cause. Among the Mau Mau themselves as many as 11,000 died in encounters with British forces. In 1929 one of the nationalist leaders, Jomo Kenyatta, was sent to England to negotiate on behalf of the Kikuyu community by presenting their concerns to the British government. In October 1952, there was a sudden outbreak of sabotage and assassination in Kenya. Kikuyu terrorists and their ritual oaths of loyalty to their secret organization reflect the customs of Jomo Kenyatta’s political group, the Kikuyu Central Association. The colonial government reacted immediately, declaring a state of emergency and arresting Jomo Kenyatta. Kenyatta was charged for planning the Mau Mau uprising, he was sentenced in March 1953 to seven years’ imprisonment. Jomo Kenyatta was still in detention as of 1960, but his colleagues elected him president of their newly formed political party, the Kenya African National Union. Kenyatta is finally released by the British in 1961. 5 In elections in May 1963, Kenya African National Union won the majority of the seats. Independence of Kenya was achieved in December 1963, with Kenyatta as prime minister. A year later, under a new constitution, Kenya becomes a republic. In 1964, Kenyatta was elected president. British imperialism changed Kenyan society in a number of ways. Large numbers of new peoples from different cultures took up residence in Kenya bringing in new ideas, missionaries brought about changes in religion, and land and labor practices changed. In addition to spreading their religion, missionaries also influenced and changed Kenyan culture in other ways. They established European style churches, schools, and hospitals which would have an ongoing impact upon the Kenyan people7. he cultural changes Kenya has undergone during the British imperialism has helped Kenya progress as a whole. How to cite Scramble for Kenya, Essay examples