Privatizing Social Security

Privatizing of Social SecurityIn the reason discusses the importance of privatizing sociable bail measures . The causation 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 save conundrums that are associated with privatizing social securityIn the article the author discusses how the social security trust gunstock pass oning be in financial difficulty by the year 2018 if the loneliness age , approximate laws , and other laws associated social security do not regeneration The author states that the social security financial crisis will come when the government has to pay the trust fund with treasury notes , wh ich has chair him to believe that privatization is the practice to saving the system . Although the author argues that privatization is the repartee 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 pass on social security funds to grow , since the great plebeian will be drop their money rather than only contributing to the fund . However the author fails to take into identify that most people lack education to success widey indue money , which threatens their future economic security . The author in addition fails to consider that investing social security funds is the akin 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 suppor t privatization such as changing laws assoc! iated with social security , the author should not simplify the costs of privatization because privatizing is a gamble which takes the security come out of the closet of social security . 1...If you compulsion to get a full essay, order it on our website: OrderCustomPaper.com

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