Slate has an article outlining several points for forgetting about private accounts for Social Security once and for all. My main reason for supporting Social Security in its current form – it’s a great form of risk mitigation against negative economic circumstances for individuals, either through entrepenurial risk taking or just lousy stock market returns like today. It guarantees everyone a baseline level of economic security in old age, so if you do better, great, and if you don’t, you at least have something.
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