The Instigator
dairygirl4u2c
Pro (for)
The Contender
eggetal_b0ke
Con (against)

privatizing social security with guaranteed minimum is better than currently

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Voting Style: Open Point System: 7 Point
Started: 8/28/2017 Category: Politics
Updated: 4 months ago Status: Debating Period
Viewed: 239 times Debate No: 103699
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dairygirl4u2c

Pro

privatizing social security with guaranteed benefits is better than the current system

in this system only relatively safe investments allowed by the government would be allowed.

this is better than the current system because at investment returns, people would receive a much larger income in retirement. the downside, if markets fail, would be a problem whether or not we allow people to invest privately. even in our current system, if the economy tanked, the government will still be on the hook for a certain amount of money. an added benefit would be that the government can no longer borrow against social security so our expenditures would have to be made more true, by raising taxes or keeping spending in line, not by masking the problem by borrowing against people's retirement money.
eggetal_b0ke

Con

Wouldn't it be better if we privatize CHUGGON?
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