Should Social Security in the U.S Be Privatized?

[sc94597]

generic-user-1 said:

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...

Wouldn't more old people => fewer sales because they are going to be using their assets when they are old  rather than paying into them? Like it has been said, if somebody doesn't want to play the market game, they can always buy bonds instead.