Should Social Security in the U.S Be Privatized?

[enlightenedmaster]

Aielyn said:

The government can put a guarantee on the money for those situations (meaning, in the situation in which the corporation squanders the money, the government will provide the money as a replacement; gives the government more motivation to properly regulate to prevent the problem in the first place, too).

well why waste money,why not let government handle it and secure it

also it shudn't be governments duty to pay for corporate shenanigans and where wud government bring the money from,they don't actually frow it on trees

no matter what,govenrment will fuck up regulations,they actually like it.if you know USA's false flag history,government will actually make it happen

they were 2-3 years ago trying to start a war with IRAN,RUSSIA on the basis of financial warfare

But beyond that, like I said, proper regulation is more than sufficient. Corporations have extensive restrictions on what they can do with superannuation money. It's not like in America with the repeal of Glass-Steagal and related issues.

well they have in the past

Super funds don't actually "own" your money at any point - they manage it,

thast waht i am worried abt,if they just held it in some safe,then i wud be tension free

but them playing with my money won't let me sleep properly

but beyond the standard charges, they can't actually access it directly. They just instruct where to invest, etc... and it's pretty much required that they diversify the investment, to minimise the risk. And then all the strict regulations apply on top of it. Even if the company collapses, your Super is safe.

not really,companies have a way of misplacing funds and resoruces and cooking books and just using someone's money to fix somebody else's problem

It's certainly not perfect, but I'm not aware of any country with a better system. And that most certainly includes America, where your purely-public system is bankrupting you.

well,USA need an absolute overhall not just money system but politics,culture,religion,people,etc

 

if you know history and have studied history cycles and have studied Roman History

Its almost time for American republic to go under like Roman republic and birth of an American Empire with an Emperor

back in Rome,it was the same poistion USA's in right now.Nobody had the balls to fix it other than Julius Caesar and Augustus Caesar

In fact, Australia's a good demonstration on the possibility of proper balancing of public and private (although there are certainly issues, they're mostly down to the government not doing it right) - not just Super, but also our Health system, our Education system, etc.

yeah Australia,Canada - both European centric countries and Europe have poreety good regulations compared to the fuck-up that is USA