Question: Is the Social Security system based on the same principles as private insurance? Why or why not?

Is the Social Security system based on the same principles as private insurance? Why or why not?

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The Social Security system in the United States is not based on the same principles as private insurance and there are several key differences between the two Purpose and Scope Social Security Social ... View full answer

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Is the Social Security system based on the same principles as private insurance? Why or why not?

1.1. Is the Social Security system based on the same principles as private insurance? Why or why not?

=+1. Is the Social Security system based on the same principles as private insurance? Why or why not?

The Social Security system is financed through a payroll tax. private insurance contributions. general revenues. the income tax.

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