Should Social Security Be Privatized Essay Example for Free

Should Social protection Be Privatized EssayE genuinely one has their opinions of Social Security. Many feel Social Security is their savings and the presidential term should not circle with it or use it for paying off other debts. Others believe it should be privatized and that person should be allowed to do what they wish with their Social Security. I am hoping to touch on at least two points for for each one side of the argument. originally we can dive into each side we need to know how it all began. Before the time of Social Security, people found ways to secure their economy. Back in ancient Greece, they utilise olive oil to ensure their economic security.In medieval times, serfs would tend to the lords manor and as yen as there were a steady supply of serfs the lords had bountiful economic security. Land was a very vital part to economic security for those who possessed or lived farms. No one really dumb the concept of saving up for retirement or severe injuries. A round the time of the Great Depression, in the 1930s, many elderly were hesitant to ask for government assistance and there were many restrictions that would allow them to take eligible for a bounty. Franklin D Roosevelt proposed a way to assist elderly with retirement benefits, January 1935.Although Congress utter it was a governmental invasion of the private sphere and from those who sought exemption from payroll taxes for employers who adopted government-approved pension plans (Our Documents) it was eventually passed and implemented eight months later. This act was established initially as a way government could assist elderly with retirement benefits. Social Security is a way to provide for not unaccompanied elderly but also those in need. Not everyone receives the same amount of money from Social Security when they retire, or need it.It is all based on how much they pay into FICA, or Federal restitution Contributions Act. This encompasses not only Social Security but also Medicare. Most companies will match the voice taken from your paycheck. Discussion Who is to say there is a right or wrong way to upsurge with Social Security? Many feel, by the time those of us who are middle aged, will neer get the chance of receiving their Social Security. As we sit in 2012, during a presidential election year, this is one of the hottest topics on the plate. There are many discussions for both sides of privatizing Social Security