When I first read your blog about the idea of privatizing social security, I was confused. I agree with you about how something so big and centrally run like S.S. could disperse itself among thousands of individual investor’s with-out expecting any problems. The first thing that comes to mind is corruption, once you get that much money moved from the government to individual investors, there is no telling what could happen in-between the cracks.. Yes regulations and rules will be set and yes there are those who will follow them, but there is always that few who will take advantage and ruin it for the majority. Why are we giving them this opportunity? There are already accusations of corruption within our current system which is run by few people, and moving it in such a way to where millions of people could be responsible, just seems absurd. Social Security was designed to help and protect the elderly, not make profits from them.
Let’s keep the system the way it is and address the problems that face it with adequate provisions; something as powerful as S.S. should only be handled by a knowledgeable few.
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