Should Social Security in the U.S Be Privatized?

[generic-user-1]

sc94597 said:

enlightenedmaster said:

sc94597 said:

Like they do in Australia?

i don't really know the Australian system

 

but i wudn't compare USA with Australia,Japan,Europe,etC

 

USA is much much more rowdy and cut-throat capitalist then any of those places and a higher risk of fraud

In this case the government prevents the fraud. In Australia's system they essentially force people to get the equivalent of a 401k. Social Security is less secure because of changing demographics influencing the payout.

changing demographics influence asset prices too...  more old people=more seller...