Privatizing Social Security

Privatizing of Social SecurityIn the reason discusses the importance of privatizing sociable credential measures . The writer gave a brief overview of the history of accessible security and explained what he thinks is wrong with the system . Although the author explained the benefits of privatization , his views come off as a bit simplistic because he oversimplifies the social and economic conundrums that are associated with privatizing social securityIn the article the author discusses how the social security trust gunstock exiting be in financial difficulty by the year 2018 if the loneliness age , measure laws , and other laws associated social security do non potpourri The author states that the social security financial crisis will skip when the government has to pay the trust fund with treasury notes , which has bring forth him to believe that privatization is the practice to saving the system . Although the author argues that privatization is the decide to social security crisis , it is not the best solution because it will lead to social and economic problems in the future tenseThe principal(prenominal) problem with the author s argument is that he believes that privatization will bequeath social security funds to grow , since the great unwashed will be drop their money rather than but contributing to the fund .

However the author fails to take into depict that most people lack education to success seriousy expend m oney , which threatens their future economic! security . The author withal fails to consider that investing social security funds is the analogous to gambling because markets onward motion and fall and people could potentially lose substantial amounts of retirement money if they cash give away during an economic downturnAlthough the author do valid points to support privatization such(prenominal) as changing laws associated with social security , the author should not simplify the costs of privatization because privatizing is a gamble which takes the security place of social security . 1...If you compulsion to get a full essay, order it on our website: OrderCustomPaper.com

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