Question

What was the main purpose of the Social Security Act?

A. to offer public works jobs to the unemployed
B. To impose a 2 percent tax on all business deals
C. To provide a pension for people who were old enough to retire
D. To give health insurance to all children under the age of 10

Answer 1

The Social Security part was originally designed as contributory program retirement plan trust fund- with the government role only as administrator. It is a self-supporting program which has had only 2 inserts of general revenue early on to cover disabled WWII vets and those who turned 72 before 1971. Also, since Reagan made SSI income taxable in 1983, a miniscule revenue stream results as well. Since inception, the fund has generated 13.8T in revenues through 2009 and expended 11.3T in the same period.

Good luck

But i have to say this is not really the main purpose. Sorry for can give for you what you want, but at least i can show you more about this.

Answer 2

The answer is either C or A.

The 1935 Act provided for "old age," retirement, benefits, aid to dependent children, disability insurance, and unemployment insurance.

Sorry for the not specific answer, but the answer isn't B or D.