Social Security Essay
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Social Security indeed should be invested to the stock market, by the willing tax payer of course. The idea of privatizing a public pension system is not new. When properly implemented, it is fairly successful. As far as the problem with social security, it is one where one’s retirement benefits are up to the willingness of future workers to be taxed for the purpose of social security.
Benefits of social security are low, and in the future the benefits received could be even lower. Social security is fundamentally flawed. It is pay as you go system, simple economics. The funds invested for social security are not invested for present or future retiree’s. When the time comes for Social Security to cash in its IOUs to pay benefits, the federal government, which holds no earmarked assets for that contingency, pays the bill by issuing additional debt or raising taxes. Social security is a liability,...
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