Its the fact that he wants to send checks that are more money than the people contribute. That is the difference.
That’s pretty much going on since they launched social security in the 1930’s, nobody who received it at first had paid any social security. My parents and their generation paid 3% (the employer pay a tax roughly matches the employee’s tax) for their end, i pay 6.2% yet their benefits are based on my contributions my kids my pay 9. Certainly ever since welfare and food stamps have existed, the government has been transfering wealth.
You seem to have missed everything that happened between 1928 and 1981. Nothing of what obama proposes on taxes is really new, he’s just reinstating the taxes cut by the current Borrow and Spend Bush admin.