Privitization Essay -- essays papers

Privitization either working Ameri arouse citizen contributes to sociable certificate. Anyone who has everheld a job has matte up the licking of seeing how much money the government takes out of theirpaycheck. organism told that we willing all be able to collect social surelyty when we can no longerwork does not ease the frustration of having 6.2% of our hard earned money taken from us eachpayday. If individuals could start break of their retirement funds, this frustration could beeased. Being able to control our own retirement funds is an option that is being supported moreand more by American workers.Currently, nearly 44 million Americans conform to affectionate Security benefits. Of these 44million, 61% ar retired workers, 17% ar survivors of deceased workers, 12% are spouses andchildren of retired workers, and 10% are disabled workers. Obviously, the major group of SocialSecurity Beneficiaries is retired workers. Since the number of working Americans has not p rominent along with the number who are retiring, Social Security has become a black hole to thecurrent generation of workers. We will pay into it just about of our lives, but will not be able tocollect unless a drastic change is made.Everyone has heard the ongoing debate over the prehistorical few years about what should bedone to reform Social Security. The Social Security Board of Trustees estimates that by the year2032, Social Security funds will be fully spent. There are several(prenominal) reasons for this, including theretirement of the baby boom generation and the assumption that the U.S. economy will growat a slower rate than it has been. While republicans and democrats competitiveness over whose plan isbetter, there is a simple alternative to Social Security privatization. By making social security a sequestered proceeds for individuals, everyone can benefit. One of the plans the government isconsidering includes partial privatization, but it is steady centered around a flat tax deducted fromthe paychecks of American workers.The estimation of Social Security is a good one. There are many another(prenominal) retired workers who wouldnot make it without Social Security. I have seen it myself. My mother has been in banking formore than 20 years, and during that time I have seen all kinds of volume coming in to deposittheir Social Security checks. The majority of them are middle class, retired workers, a... ...s. Since 1996, they have received an averageannual rate of strike of more than 14%.There are some who would argue that as well as many sight might make poor investmentchoices, and pole up going to the government for assistance upon retirement. There is no sureguarantee that this would never happen however, this has not happened in Chile, Galveston, orSan Diego. The purposes of coarse funds is to make a profit with very little risk. By investinginto these and other low-risk programs, there is very little chance of bulk m aking poor choicesthat leave them with nothing.The simple fact is that privately owned retirement accounts would produce an incomemuch greater than Social Security provides, and we wouldnt have to face the problem ofrunning out of money. Real aliveness programs like the ones in Chile, Galveston, and San Diego showhow successful Social Security privatization can and would be if only the government wouldgive us the freedom to pick out how to protect our future. The current system has failed. Its justa matter of time until Social Security is bankrupt. It is time for the government to let the peopledecide how to provide for their own futures.