The current Social Security system should be replaced by a mandatory private pension system. The current system entails workers being forced to give a certain percentage of money out of their pay checks to Social Security. This tax money is used to pay benefits to retired people, disabled people, survivors of workers who have died, and dependents of beneficiaries SSA. In reality, people should be able to control the fate of their own retirement funds because they can decide when the money is necessary, which can be done by making the change to a private pension system. The decreasing working population combined with the rising elderly population means the number of elderly people needing benefits will be greater than the number of working people providing the money for those benefits NCPA. Because of these statistics, the favor for a private pension system is growing so workers can save their taxes for their individual retirements.
20 Topics for a Thesis on the History of American Business
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