Question

How is Social Security an example of income redistribution?

Answer 1

Answer:

Social Security is a system enacted by federal law that takes a portion of a worker's paycheck and puts it into a trust fund to be used for retirement. The payment are taken from a person's paycheck by an employer and paid to the U.S. Treasury. The phrase income redistribution means a government program that takes money from one section of the population and gives it to another. This is usally to help the portion of the population in need of assistance.