Should Social Security Be Privatized

Should hearty Security Be Privatized Should favorable Security be Privatized? many a nonher(prenominal) people dont understand how the Social Security system really works. There are no separate Social 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 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 original Social Security system is a "pay-as-you-go" program, which means that the revenue enhancement the federal government raises each tax year for Social Security benefits is paid out that same year to beneficiaries. Many economists believe that our Social Security system is in requirement of a major overhaul if todays workers are to receive hereafter benefits. Thomas R. Saving, Director of the Private Enterprise Research philia a...If you want to get a full essay, order it on our website: Ordercustompaper.com

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