Are Social Security Benefits a Form of Socialism?
Here is some interesting reading, just because it can be considered a socialized program does not mean full blown socialism would not be a disaster.
The Bottom Line
It's interesting to remember that the U.S. got the idea for a social-security system from 19th century Germany. That very capitalist monarchy launched an old-age social insurance program in 1889 at the behest of Chancellor Otto von Bismarck, partly to stave off radical socialist ideas being floated at the time.
The original social security was actually an anti-socialist maneuver by a conservative government.
Nevertheless, because the American government plays such a dominant role in the U.S. Social Security system – deciding how much and when employees and employers pay into the system, how much individuals receive in benefits when they get them, and preventing almost everyone from opting out – it seems fair to call the Social Security program a form of socialism. The program requires workers and their employers, along with self-employed individuals, to pay into the system throughout their working years. The government controls the money they contribute, and decides when and how much they get back after – and if – they reach retirement age. (For more, see Introduction to Social Security.)