Privatizing Social Security

Privatizing of Social SecurityIn the reason discusses the importance of privatizing sociable tribute measures . The former 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 skimp conundrums that are associated with privatizing social securityIn the article the author discusses how the social security trust gunstock ordaining be in fiscal difficulty by the year 2018 if the loneliness age , approximate laws , and other laws associated social security do non conversion The author states that the social security financial crisis will knap when the government has to pay the trust fund with treasury notes , which h as make plenteous him to believe that privatization is the practice to saving the system . Although the author argues that privatization is the issue to social security crisis , it is not the best solution because it will lead to social and economic problems in the future tenseThe main problem with the author s argument is that he believes that privatization will seize social security funds to grow , since the great unc step uph will be drop their money rather than patently contributing to the fund .

However the author fails to take into account statement that most people lack education to successfully d ower money , which threatens their future ec! onomic security . The author as well 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 break 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 out of social security . 1...If you compulsion to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper