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Honest Argument: Social Security should not be privatized
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Social Security should not be privatized

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Social Security should not be privatized  Social Security should not be privatized
       Increase in cost to pay fund managers profits  Increase in cost to pay fund managers profits
              Increased profits of a privatized system would pay for costs  Increased profits of a privatized system would pay for costs
                     Investment funds do not pass profits on to investors  Investment funds do not pass profits on to investors
                            Investment funds do distribute profits  Investment funds do distribute profits
                                   If that were true, you could never lose money investing in a fund  If that were true, you could never lose money investing in a fund
                                          Don't confuse management fees with proifits  Don't confuse management fees with proifits
       Market risk could prove catastrophic  Market risk could prove catastrophic
              Market risk could be diminished through diversification  Market risk could be diminished through diversification
                     Market risk can be diminished but not eliminated  Market risk can be diminished but not eliminated
              Social Security serves as a safety net which should not be subjected to market risk  Social Security serves as a safety net which should not be subjected to market risk
       Social Security is an insurance program, not an investment account  Social Security is an insurance program, not an investment account
              There are already multiple privatized components of retirement income  There are already multiple privatized components of retirement income
       Administrative costs significantly greater for private accounts  Administrative costs significantly greater for private accounts
       Diversion of revenues to private accounts would gut Social Security  Diversion of revenues to private accounts would gut Social Security

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