Aging Population | Social Security Should Not Be Privatized

In the following viewpoint, Robert Kuttner contends that privatization is not the best way to reform Social Security. Kuttner maintains the proponents of privatization overstate the yields that would be accrued through private investments and seek to destroy the political coalition that supports Social Security. He suggests that Social Security should instead be supplemented by endowment accounts—money that would be given by the government to children when they are born and that would be available for education, home ownership, and retirement. Kuttner is the founder and co-editor of...

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