Should Social Security in the U.S Be Privatized?

[sc94597]

enlightenedmaster said:

sc94597 said:

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

2. 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

3

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

5. 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

1. Why not? Chile has been successful despite being a South American country. 

2. Except there is a danger. The social security fund is bankrupt and empty because of politics. It isn't about what there "shouldn't be" it is about what is, and that is. 

3. Don't disagree about the inflation stuff and fiat vs. resource money, but I think it is still valid to look at the actual retirement system itself. 

4. Certainly it can. Remove limited liability and sue individuals who made fraudulent decisions in said corporation. They'd start becoming trustworthy very quickly. Of course cronyism in government prevents that from happening. If government weren't crony however (or it didn't exist) then civil cases would prevent fraud much more than criminal cases do now. 

5. Unfortunately this is true, but it is only ture because of how entangled government has become in the economy and how bloated it has become itself. If a government were strictly responsible for enforcing contracts and protecting rights it would have less to lose. But still, it is a reality of the current world, but I think that is more motivation to have personal retirement accounts rather than ones in which the government uses as a wallet.