Block, Siteadmin, SkipCaptcha, Upload, Automoderated users, delete, edit, move, nsTeam2RO, nsTeam2RW, nsTeam2_talkRO, nsTeam2_talkRW, protect, rollback, Administrators, template
293,581
edits
Changes
Jump to navigation
Jump to search
Line 66:
Line 66: − + − + − +
→Cons
====Cons====
====Cons====
* Individual Empowerment: individuals would have more motivation to work hard and succeed, this does however doesn't benefit the disabled and the economy is unpredictable (recessions).
* Individual Empowerment: individuals would have more motivation to work hard and succeed, this may not however apply to some disabled persons and the economy is unpredictable (recessions).
* Higher Returns and Greater Benefits: even the most conservative investors would accrue substantial assets during their lifetimes through privately invested accounts, yielding far more than Social Security promises in retirement income.
* Higher Returns and Greater Benefits: even the most conservative investors would accrue substantial assets during their lifetimes through privately invested accounts, which historically have yielded far more than Social Security promises in retirement income.
* Improved Economy: economists believe that the overall economy will benefit from an increase in savings and investment resulting from this system.
* Improved Economy: economists believe that the overall economy will benefit from an increase in savings and investment resulting from this system. Retirement savings provided by workers create jobs, unlike the Social Security [[pay as you go]] system destined for immediate aggregate [[personal consumption expenditure]]s.
* Some individuals will get "lazy" and choose not to work, only costing society.
* Some individuals will get "lazy" and choose not to work, only costing society.