Monday, January 03, 2005

Privatization of Social Security

In this article from 1997, Martin Feldstein lays out some very persuasive reasons for complete privatization of the Social Security system. He argues that a complete privitization of the system could result in a net present value benefit to the economy of $10-20 trillion. If true, a 10% privatization, as proposed by President Bush, could potentially yield a trillion dollars to U.S.

Read the whole thing.

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