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The Risks of Privatizing Social Security
After three years of researching Social Security, I have finally reached the conclusion that privatizing any or all parts of Social Security will not improve the financial prospects of the system as promised by its many proponents. Privatization has fallen victim to the art of politics. It is no longer relevant. I am completely unpersuaded by the traditional objections to the privatization of Social Security. On the contrary, my concerns deal with whether the change is sound policy. Moreover, I simply don’t believe that it is affordable anymore because of the structural changes to the system which have occurred over the last 10 years….Read More