Should Social Security Be Privatized

Should genial Security be Privatized Should favorable Security be Privatized? more people don?t understand how the sociable Security system really works. There are no separate loving Security accounts set up for from apiece one taxpayer to which he contributes his Social Security tax separately 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 street smart Social Security syst em is a pay-as-you-go program, which means that the tax income the federal government raises each tax year for Social Security benefits is paid out that same year to beneficiaries. more economists believe that our Social Security system is in coveting of a major overhaul if todays workers are to receive extrovert benefits. Thomas R. Saving, Director of the Private Enterprise Research content at Texas A&M Unive...If you want to get a full essay, order it on our website: BestEssayCheap.com

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