Should Social Security Be Privatized

Should hearty Security Be Privatized Should favorable Security be Privatized? many a nonher(prenominal) sight dont empathize how the cordial Security system really works. There argon no separate tender Security "accounts" set up for all(prenominal) taxpayer to which he contributes his Social Security "tax" each division. some(prenominal) people believe these accounts exist, that the money they pay into their accounts grows each year until removement, and when they retire they get back what they paid in with interest. This is not true.

intimately people are unaware of the fact that our original Social Security system is a "pay-as-you-go" program, which means that the revenue sweetening the federal government raises each tax year for Social Security benefits is paid out that same year to beneficiaries. numerous economists believe that our Social Security system is in exigency of a major overhaul if todays workers are to receive futurity benefits. Thomas R. Saving, Director of the Private Enterprise Research philia a...If you necessitate to get a full essay, order it on our website: BestEssayCheap.com

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