Privatizing Social Security

Privatizing of Social SecurityIn the fountain discusses the importance of privatizing sociable protection surgical incision . The informant gave a brief overview of the history of loving security measure and explained what he thinks is wrong with the agreement . Although the author explained the benefits of privatization , his views come mutilate as a bit simplistic because he oversimplifies the amicable and frugal lines that are associated with privatizing brotherly securityIn the article the author discusses how the social security trust investment firm depart be in fiscal difficulty by the year 2018 if the hideaway age , valuate laws , and other laws associated social security do not convert The author states that the social security pecuniary crisis get out heighten when the government has to pay the trust monetary fund with treasury notes , which has take him to believe that privatization is the result to saving the system . Although the author argues that privatization is the answer to social security crisis , it is not the beaver solution because it go away lead to social and economic problems in the hereafterThe main problem with the author s argument is that he believes that privatization will allow social security funds to grow , since passel will be expend their bullion rather than simply lend to the fund .

However the author fails to take into account that well-nigh people lack education to successful ly invest money , which threatens their futu! re economic security . The author also fails to cut into that investing social security funds is the equivalent to playing period because markets mounting and fall and people could potentially lose potent amounts of retirement money if they cash out during an economic downturnAlthough the author make valid points to support privatization such as changing laws associated with social security , the author should not simplify the be of privatization because privatizing is a gamble which takes the security out of social security . 1...If you neediness to get a full essay, order it on our website: BestEssayCheap.com

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