Should Social Security in the U.S Be Privatized?

[enlightenedmaster]

sc94597 said:

I don't disagree with much of what you said, but the bolded is precisely why personal accounts are much more appealing than a trust fund. The reason why the U.S needs to do this borrowing (through printing) is because they don't have enough revenue for all of the social programs and military endeavors. Social Security is a contributor to this, and while it was a great deal when it was first created, it is a pretty raw one which is almost a guaranteed malinvestment today. Like you said, fraud will still occur either way, but as evidenced by Australia and Chile there is a lot of growth in these personal account systems and a lot of security from politics and demographics changes.

don't even consider Chile,its a south american country - lets leave it at that

there actualy shudn't be a danger from politics as the country's political system shud be stabel and most of europe,usa,russia,japan,india,china have been pretty stable for a long time

 

the problem onlu arises as i said when a transitionin world power happens as it is happening now between Anglo-American Empire and BRICS countries and last dentury happened between BRITISH EMPIRE-FRENCH EMPIRE to AMERICAN EMPIRE-SOVIET EMPIRES

In this small period of transition or revolution even personal accounts of pivate companies are not gonna save your wealth,Only Connections-Property-Precious Metal-etc

 

Other than that,i understand why USA or the entire world has been printing money crazily for the last 8 years and even before that but all that and deficit spending and other things can easily be solved

GOLD FUCKING STANDARD - Anchor monet printing to GOLD & SILVER as it has been always in history for the last 5000years

 

America used their hyper-status to take the world for ride,in the end the ride is gonna come back and hurt USA's ass only.

 

I do disagree that the government can't commit fraud though. It can and does, and overthrowing them is a lot less likely than the government holding a corporation accountable through the justice system if they can't keep their contracts (which is also unlikely, but not as much as people actually overthrowing the government.)

i never said they will not commit fraud,they will commit it before the private guys

a corporation cannot really be held accoutable as if 1 corporation goes down,buisness goes on

 

if government goes does,everything goes down so they don't take that big of a gamble and world powers don't let them mess around either