Should Social Security in the U.S Be Privatized?

[enlightenedmaster]

sc94597 said:

1. I can guarantee you that these individuals don't suffer when their company goes in bankruptsy. They have secured funds elsewhere. 

what?

they almost certainly do

2. It doesn't matter if the company you are employed by goes under. All that matters is that the companies and resources you've invested in go under. And if you invest in many of them the probability is low for you to lose a sizeable portion of your savings. 

if the company has done shenanigans with funds itself then the savings go down with the company

3. No it wasn't. It was the largest economy since the 1870's when it surpassed Britain, and it was quite large even before then. That is a good generation before the progressive era. 

yup but still as a global player BRITAIN,FRANCE, dominated the global scene.It is nowhere near what it is today

4. A huge proportion of the growth was internal. So I definetely would not say the U.S would not had suceeded without world trade. World trade was actually a problem for the U.S's establishment at the time and that is why tariffs were so high during that period.  I don't think Americans truly took advantage of free-trade during that period, like they could've - again, because of protectionism. It's natural resources allowed it to be self-sufficient, in contract, however.

if trade and world security wud not have been handled by BRITAIN then there wud be war happening all over the place and actually cud even happen in North America which USA was trying to conquer and influence

But all of that is besides the point: people want their cake and to eat it to. They want low unemployment and large economic growth with no downturns, AND they want huge safety nets (for which they are not responsible) and/or large militaries. You can't have both, at least not in the excess that there is today. 

nobody really wants economic growth as economy can only grow upto a certain point,peak and then go down as in a cycle throughout history

unemployment and downturn will always be there but can't be stabalised to a certain extent

 

not all people want safety net,its only the Modern Liberal west who is crazy anout Welfarism

Soviet and China and other communist and socialist states were more of a peiordic problem not historical

 

abt large militaries,everything goes in cycle and with a Nations growth comes conquest and other responsibilities and so do more prosperity and more taxes

 

we probably can't have everything,but there can easily be a very very stable system