An article in the LA times :
Benjamin R. Barber
'Privatizing Social Security: 'Me' Over 'We'
I'd have to say, I wasn't exactly promoting privatization, but I didn't have any issue with it until now. I actually received an email basically calling GW a moron and found issue with people who call him a moron but don't actually present reason or suggestion as to what could be done better.
In my mind these bullet mailing represent mudslinging and are unproductive in general as they are primarily sent to an audience of like minded people. So what purpose do these notes truly serve. Preaching to the choir will of course result in a resounding 'AMEN.'
The general topic of the mail was intended to be Soc.Security reform, by which it was noted that GW had in history voiced an opinion that SocSec would be out of money in 10 years. Unfortunately this was in excess of 15 years ago. That he currently holds the same vehement belief is not surprising. It's well established that he is strong and stubbornly minded.
That said, SocSec does need a tremendous reform. But I know would agree with anyone who says privatized personal accounts are not the solution. They are a path to disrupting individual investment in the public good, the foundation of Social Security. Anyone who has the true resource to manage their own retirement account, most likely will NOT be depending on SocSec, throughout their retirement.
Taking that into mind, I would submit that overhaul is some other form is the best venue.
The article makes strong differentiation between being a consumer and being a citizen; whereby privatization is empowerment to the consumer. A consumer is invested in the self and personal wealth and advantages which remove dependency on public provisions. Whereas the citizen is invested in the public good and equal access of goods and services.
The article ends with the following:
"For us as individuals, privitizing Social Security is probably a bad bet on technical grounds. But for us as citizens, it is a certain disaster. As prospective retirees and private consumers we may want to argue about it, but as citizens, if we care about our democratic republic, we are bound to condemn it."