Essay on social security in india - Essay voorbeeld filosofie
Proponents of social security privatization have built their argument around the premise the government grossly mismanages the fund, therefore individuals do not get the maximum return on their investment (Gokhale, 2013).
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I believe that Social Security is a doomed Government Program and that Privatization of Social Security would allow for a more secure retirement plan for all Americans.
Definitely, Social Security has provided Americans protection against destitution with adequate supplemental income and allowed people who have worked their entire lives to maintain their standard of living during retirement. While Social Security has undergone many reforms and continues to need improvement, privatization is not the key. In its proven history of increasing efficient, decreasing the poverty of our elderly, and hedging benefits against inflation, Social Security must continue to be strengthened with centralized government policies and administration.