If this can work why are we not implementing it?

Question

At the link listed below is a plan to privatize social security. This plan proves that we can privatize social security and it will do nothing but good things for America, it will actually create a budget surplus within about 14 years. So, my question is, if this plan can work then why are we not implementing it? What is the opposing argument, the argument to keep social security? In this plan the elderly still receive their social security and people will receive bonds for the money they already put in to social security. So why not implement this plan?

http://www.cato.org/pubs/ssps/ssp8.html

Answer 1

Because it originated with the Cato Institute, which is supposedly a hateful group of right-wing radicals who want to make the country a corporate fascism.

Trust me, privatization is the best -- well, second best thing that could possibly happen to Social Security. The best thing that could happen is for people to take responsibility for their own futures and completely eliminate the need for the system.

Answer 2

Stop being so gullible and believing everything you see. Remember that most of these things come from interest groups that have a specific agenda, and they are not going to give you both sides of the picture.

Answer 3

Because it takes money out of the government's hands, which Democrats hate.

Answer 4

Hillary could no longer say we don't know what's best for us, only she knows what is best for is.