Townsend pension plan: 1936
The Townsend movement was a campaign to establish a simplified national pension system funded by a sales tax and paying a flat benefit for life. Eligibility was for those not working over 60 years of age and the plan required that all payments be spent in the month they were issued.

Townsend’s plan failed to pass Congress when economists testified that the two percent sales tax would not fund the $200 benefit per month promised. The movement that began in the mid 1930s lasted through the mid 1950s and was enormously popular with workers and farmers.
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