Should Social Security Be Privatized

Should mixer Security Be Privatized Should brotherly Security be Privatized? rough people dont understand how the tender Security system really works. There are no separate cordial Security "accounts" set up for all(prenominal) taxpayer to which he contributes his social Security "tax" each course of instruction. some people believe these accounts exist, that the money they pay into their accounts grows each social class until retirement, and when they retire they get back what they paid in with interest. This is not true.

Most people are unaware of the fact that our present-day(prenominal) 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 direct of a major overhaul if todays workers are to receive lift benefits. Thomas R. Saving, Director of the Private Enterprise Research dig down a...If you want to get a full essay, baffle it on our website: OrderCustomPaper.com

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