In 1935 President Franklin Roosevelt proposed his social security measures. In his annual message he declared that the day of great private fortunes was ended and instead, wealth must be better distributed. Every citizen must be guaranteed "a proper security, a reasonable leisure, and a decent living throughout life."1 The depression had lessened, but it was not over yet as unemployment and poverty were still widespread. The Social Security Act was signed August 1935. Under the Act, …
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…to be successful. Privatization will benefit each recipient just as it has in countless countless countries around the world. BIBLIOGRAPHY 1. Comptons's NewsMedia, Inc. Compton's Interactive Encyclopedia. 2. William W. Beach, Stuart M. Butler, Gareth G. Davis and Daniel J. Michell. Improving Retirement Income for All Americans. . URL: http://www.heritage.org/issues/chap4.html 3. Ibid 4. Ibid 5. Ibid 6. Ibid 7. Ibid 8. Eric Kinson. Tripod Interview: Eric Kingson. URL: http://www.tripod.com/explore/ jobs.career/interviews/971110kingson.html