posted on Sep, 24 2011 @ 02:46 PM
reply to post by Southern Guardian
Social security was a solution to a symptom, not a solution to a problem. The problem being, that people were not saving for retirement. This
was due to low wages, high cost of living, lack of forethought.
Recreating social security in a private medium would again, only address the symptom, not the problem.
To truely "privatize" social security, you'd have to simply not take it (FICA) in the first place. Go back to a time where people kept their own
money, made their own destinies.
Now, creating a company that holds the funds might be a viable option, but we have them now. They are called brokerage firms.
Allowing people to keep their own money, would enforce the individual to take responsibility for themselves. Some might see this as a harsh reality,
but I look a it as the definition of freedom.