SOCIAL SECURITY PRIVATIZATIONChris Cunia

AP Language

OVERVIEW

• Social security has been around since Roosevelt's New Deal

• Social Security is meant to be guaranteed money to retirees

• Some argue that it is outdated and needs to be changed

• Others argue It can still be beneficial far into the future

• There have been ongoing issues with return not being high enough

• Sometimes people sometimes never even receive their retirement money.

• Alternatives to social security would be to privatize it

FOR PRIVATIZATION

• Hands on with your money

• Privatizing social security means people are free to manage their money as they wish.

• Privatizing can maximize the returns that retirees obtain rather than with the current social security where people may never even see their money.

• People know how much money they can receive.

• No possibility that people won’t receive their money.

AGAINST

• People can be very irresponsible with their money.

• Possibility people retire with no returns due to a market crash.

• Social security is guaranteed money.

• People may lose all their money on a stock market that goes up and down.

• The common citizen is does not always follow stocks faithfully and may lose all their invested money.

SOURCE A

• For Privatization

• Opposing Viewpoints article

• Attacks social security and is bias towards privatizing it

• Explains the idea behind privatization

SOURCE B

• For privatization

• Opposing Viewpoints article

• Gives both sides but argues for privatization being better and more efficient

• Justifies reasons for social security

• While these justification may be true, privatization can accomplish the same things but better

SOURCE C

• Against privatization

• Opposing viewpoint article

• Breaks down 5 arguments people have for privatization.

• States that higher return than social security is unrealistic.

SOURCE D

• Gives insight to both sides but leans more towards privatization

• Opposing viewpoints article

• Explains that private accounts can be optional not mandatory

• Also explains that investments over years even after a market crash can still net you more money than social security.

SOURCE E

• Against privatization

• Opposing viewpoints article

• Explains bush’s plan for partial privatization

• Goes against this by saying it is to risky

• Goes on to explain that social security is guaranteed money with no risk

SOURCE F

• Visual

• Shows data of both sides

• Shows that private accounts have less returns than social security.

QUESTION

• Should Social Security be Privatized?