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An Argument for Privatization of Social Security

Calling it a situation where there were “missed many opportunities” for improving the characterization of Social Security, European Fulbright scholar Ottumwan Siegfried “Sig” H. Sutterlin offers an essay on the history of the program and how there were occasions through the years to take steps that would have addressed many of the popular criticisms persistently leveled at it. One of the most frequent complaints, of course, is that Social Security is not, by design, a private account, and Sutterlin outlines how a move in this direction would address this concern. It’s an interesting discussion, and it presents a sort of plan for achieving a popularly-desired objective but does not really delve into details on how this might be realized practically. Overall, a good short read, which can be accessed here.

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