Welcome again to our sequence of weblog posts on the historical past and philosophy of the economic system, chapter, and debt – in the present day we proceed to debate public advantages within the Twentieth-century public, apart from conventional social safety.
Welfare will not be properly outlined, although most would agree that welfare is help from the federal government, generally financial help, based mostly on revenue (or lack thereof) or lack of ability to work. We briefly touched on this final time, however it bears repeating: conventional social safety is a public pension program, relatively than a public profit equivalent to welfare.
Nonetheless, some advantages supplied by the social safety administration are public advantages constituting welfare: social safety incapacity insurance coverage and supplemental safety revenue. Social safety incapacity insurance coverage (“SSDI”) is a money help program for individuals who have a situation that stops them from partaking in a considerable financially gainful exercise. It’s price noting that age will not be an element for SSDI eligibility. Supplemental safety revenue (“SSI”) is a complement for individuals on SSI and/or SSDI who’ve low incomes regardless of gaining access to these advantages.
Like conventional social safety revenue, SSI and SSDI are each protected in chapter, so funds that may be traced to these sources are protected from one’s collectors.
To date, now we have been selecting and selecting public profit applications to debate based mostly on whether or not they present a real financial profit, however there are so many public advantages applications that provide funds or requirements. Subsequent time, we are going to focus on some briefly: public housing advantages, meals advantages, unemployment, advantages aimed toward needy households and kids, and presumably even Lifeline (aka Obama-phone), and many others.
If you’re within the historical past and philosophy of the economic system, chapter, and debt, keep tuned for my weblog posts. And, in case you are excited about submitting, attain out to us at www.lifebacklaw.com.