Should Social Security in the U.S Be Privatized?

[Aielyn]

enlightenedmaster said:

Aielyn said:

1. 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

2. 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

3. 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

4. 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

5. 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

6. 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

1. It doesn't waste money. Indeed, what it means is that the government is generally never out of pocket, yet your money is still safe. And like I said, the whole point is that proper regulation prevents the companies from "shenanigans" with your money. So the only way your money disappears is some massive worldwide economic collapse... in which case, the government isn't going to have the money, either. As for the claim of the government "fucking up" regulations... the Australian government hasn't. If Americans are being screwed over by their government, they need to stop voting them in. And don't waste your time bringing up "False flag" claims - they're nonsense.

2. I'm not even sure what you're responding to, here. Who have what in the past?

3. Super funds are required to invest according to your wishes. So you can ask them to put the money in safe investments that garner only small returns (not unlike regular bank accounts). Or you can be more risky, and ask them to invest for long-term returns. And there's even "self-managed super funds", which go further and basically let you be the manager of your own investments (there are, of course, laws about what you can "invest" the money in - you can't "invest" it in a holiday home for yourself, for instance).

4. Maybe in America. In Australia, there are all sorts of safeguards for superannuation, and more generally for anything where companies have control over individuals' money.

5. I'm sorry, but that's just plain nonsense. The 'history repeats itself' logic is massively flawed (among other things, technology wasn't present in the past, and technology makes massive changes to how society operates). The US is going to undergo some turmoil, I suspect... but only until Americans realise that they actually can vote for who they want, even if they're not one of the two main parties. But I think step 1 for America is to introduce preferential voting (which Australia has) - it will open up the system to allow more parties and fairer elections (Remember Nader? He wouldn't have harmed Gore's chance of winning in 2000 if the US used a preferential system).

6. "European centric"? What? Are you talking about Australia? If you are, then you really don't know Australia.

EDIT: By the way, if you think the government is "fucking up" and failing to do various things, and even setting up "false flags"... why would you trust them with your money?