Should Social Security in the U.S Be Privatized?

[sc94597]

Danman27 said:

sc94597 said:

Actually no I'm not. If you noticed, there was a link in the OP as well. And from that you can read. 

So those two graph are in no way misleading?

One of the graphs describes how one system has succeeded in its goal (by producing returns on investments, represented as GDP shares) and the other graph shows the huge cost of a purely public retirement system (through deficits.) The juxtaposition of the two is not suppost to be a direct comparison, but a highlight of the advantage of the first and a highlight of the issues with the second. 

Notice the headings,

"Australia's Private Retirement System Generates Big Increases in Wealth" - substantiated with the graph. 

"America's Social Security System Produces Huge Budget Deficits" - substantiated with the graph. 

I chose to post the graphs as they were interesting pieces of the blogpost, but there is more to the blogpost than the graphs, and the author did say this: 

"The two charts aren’t analogous, of course, but that’s because there’s nothing to compare. The Social Security system has no savings. Indeed, it discourages people from setting aside income."