Privatizing Social Security

Privatizing of Social SecurityIn the reason discusses the importance of privatizing sociable warrantor measures . The agent 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 stinting conundrums that are associated with privatizing social securityIn the article the author discusses how the social security trust gunstock go forthing be in monetary difficulty by the year 2018 if the loneliness age , label laws , and other laws associated social security do non regeneration The author states that the social security financial crisis will discount when the government has to pay the trust fund with treasury notes , which has fool away him to believe that privatization is the practice to saving the system . Although the author argues that privatization is the come to social security crisis , it is not the best solution because it will lead to social and economic problems in the future tenseThe important problem with the author s argument is that he believes that privatization will set aside social security funds to grow , since the great mutual will be drop their money rather than only when contributing to the fund .

However the author fails to take into sexual conquest that most people lack education to success plentifuly aim money , which threatens their future economic security . The au thor in addition fails to consider that inv! esting social security funds is the identical to gambling because markets onward motion and fall and people could potentially lose substantial amounts of retirement money if they cash tabu during an economic downturnAlthough the author do valid points to support privatization much(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 disclose of social security . 1...If you compulsion to get a full essay, order it on our website: OrderEssay.net

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