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The problem with privatizing social security is that the money that's collected in payroll taxes today, goes out to pay for today's retirees.
There isn't an account anywhere with your name on it....the money comes in and it goes right back out.
If you take money out of that system and put it into private accounts, you may indeed get a good rate of return on that money....but the government will be 2 trillion short over the next 10 years in payments that need to be made to people who are retired now.
So where do we get that money? More borrowing and deficits? Or higher payroll taxes? (Which hit the poor and middle class much harder than the upper class)
I just don't see this happening.
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