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Essay

Privatizing social security

Essay specific features

 

Issue:

Social Issues

 

Written by:

Kristine P

 

Date added:

July 29, 2016

 

Level:

University

 

Grade:

B

 

No of pages / words:

5 / 1159

 

Was viewed:

3415 times

 

Rating of current essay:

 
Essay content:

Deets argues that privatizing social security would destroy a sound system that has stood the test of time for many decades. In the current system workers pay a portion of their income into the system where the government uses it and pays the workers back upon retirement. Deets goes on to argue that without social security nearly half of the nations elderly would live in poverty...
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There would be widespread poverty among the elderly or those about to retire if the system was privatized because if younger workers were allowed to drop out then it would reduce the benefits that older workers and the elderly currently receive (Deets 3). Under a private system the funds would not be inflation-proof and the amount of money received upon retirement would be based on your investment skills...
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General issues of this essay:
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