Social Security Taxes
Modern life in a free-enterprise economy can be pretty harsh to some segments of the population. This is the reason why social security safety nets were enacted into law to give a measure of protection to hapless individuals who have lost their sources of income through no fault of their own. Social security benefits are helpful to some individuals who lost their jobs due to retrenchment, downsizing, and/or outsourcing. It also gives monetary aid to widows, fatherless children, and old-age pensioners who have no other source of income. Most countries have social security tax rates to compute how much will be withheld from an employee’s salary as his contribution to retirement funds and Medicare premium payments.
Aspirations and challenges to fathers.
The social security systems of most countries are focused on providing benefits for retirement (pensions), disability due to work-related injuries, survivorship (for widows and orphans) and death benefits of the member’s immediate relatives. A good system should preferably have universal coverage to include the lowest-ranked workers of a country since they are the most vulnerable. A trend towards ageing in most Western countries has sparked heated debates on how to fund projected shortfalls in social benefits as more workers retire. Suggestions range from increasing the tax rates to raising the mandatory retirement age to delay the ability to avail of certain benefits from the fund.
A good system should preferably have universal coverage to include the lowest-ranked workers of a country since they are the most vulnerable.
http://www.fathercare.org/discrim.htm
The above site discusses the discriminatory policies of the British government’s social security system pertaining to “absentee fathers” by withholding benefits from them. It argues for equal treatment in terms of benefits allowances and tax credits for fathers who are either separated or divorced. There is a pending precedent-setting case filed with the Court of Appeals, but there is no decision yet. Its social advocacy still continues.
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