Privatizing Social Security

Privatizing of Social SecurityIn the fountain discusses the importance of privatizing sociable security department . The author gave a brief overview of the history of loving 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 frugal lines that are associated with privatizing social 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 financial crisis will heighten when the government has to pay the trust 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 best solution because it will 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 money rather than simply contributing to the fund .

However the author fails to take into account that most people lack education to successfully invest money , which threatens their future economic security . The author also fails to consider that investing social security funds is the equivalent to gambling because markets mounting and fall and people could potentially lose substantial 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 costs 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: Orderessay

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