Should Social Security Be Privatized

Should genial Security be Privatized Should favorable Security be Privatized? more people don?t understand how the Social Security system really works. There are no separate Social Security accounts set up for from each one taxpayer to which he contributes his Social Security tax each form. many 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 non true.

Most people are unaware of the fact that our up-to-date Social Security system is a pay-as-you-go program, which means that the revenue 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 wish of a major overhaul if todays workers are to receive forthcoming benefits. Thomas R. Saving, Director of the Private Enterprise Research centre at Texas A&M Unive...If you want to get a full essay, order it on our website: Orderessay

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