Should Social Security Be Privatized

Should amicable Security Be Privatized Should mixer Security be Privatized? some people dont understand how the favorable Security system really works. There are no separate sociable Security "accounts" set up for each(prenominal) taxpayer to which he contributes his Social Security "tax" each family. umteen people believe these accounts exist, that the money they pay into their accounts grows each class 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 for sure Social Se curity system is a "pay-as-you-go" program, which means that the tax the federal government raises each tax year for Social Security benefits is paid out that same year to beneficiaries. legion(predicate) economists believe that our Social Security system is in expect of a major overhaul if todays workers are to receive uprise benefits. Thomas R. Saving, Director of the Private ...If you want to get a full essay, order it on our website: BestEssayCheap.com

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