Privatizing social security is generally a good idea. Social security operates on the assumption that people are not competent with setting up their own retirement funds,
People did not provide well for their own retirement and that was one reason it was set up back in the 30s. Many people do set aside money for retirement and those are the ones that do not rely soley on Social Security to get by when they retire now. But many have not and will not set aside anything and those are the ones that are now relying totally on Social Security to live on in their later years.
Social Security is not just a retirement plan. It provides survivor benefits to young children and widows/widowers. A typical worker that may die young (30ish) with some kids is not going to have enough put away to provide income for his children until they are adults and for his widow while she may be raising the children and later when she turns 60.
Social Security also has a disability program. Privatizing Social Security would also have to provide some relief for those folks and their dependents as well.
It's not just a matter of doing a better job saving for retirement. It's a social insurance system that is much like those set up in many other western countries.
Dan
I believe I said that its other various functions besides providing for retirement should continue. *looks* Yep, I did.
Providing for retirement is a responsibility of the old or their children. If they have no children and don't provide for their own retirement, they can starve. Then maybe people will think twice about buying various forms of garbage they don't actually have a stitch of use for. We aren't providing for people's retirement- we are providing for their current wasteful spending on junk, most of which is chinese and imported.
They wouldn't buy new cars every 3-5 years. They'd keep their old car running like they should so they can save money. They'd buy goods meant to last so they wouldn't spend money replacing the Chinese made garbage they buy now. They can spend on quality American-made goods instead, and keep jobs here. Since people would then have to pay more for a durable product, they can afford to pay for American labor.
we should expect McCain to do all he can to get rid of Amtrak and return it to the private sphere
We should expect that, since he has not said that is a goal for his presidency, nor does he have the power to do so. Oh, you were just fearmongering. Sorry, my mistake.
And we will all be eating catfood if SS is privatized as well
Mother of god. I am going to pretend you didn't just use the word "fearmongering". But don't let it happen again, or I am going to have to lock you in a room with a tape of my lecture on overused cliché words used by people who don't know their meaning. You'll have used it twice by that point, so you'd be required to listen to it 200 times. Its about 2 hours long and, I am told, terminally boring. (I'm being facetious, by the way.)
What he is doing is being an overzealous, and possibly justifiably fearful, political advocate of something you don't believe in. That is not fearmongering. Nobody here can since they are not in sufficient position to do so.
I'm expecting McCain to do all he can to get rid of Amtrak. Why? Because that's what he's been doing for the past 20 years.