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>Privatizing it still doesn't address any of the systemic issues regarding ageism, classism, sexism, racism which have impacts on longevity. There are potentia
by Consultant32452 10y ago
>Privatizing it still doesn't address any of the systemic issues regarding ageism, classism, sexism, racism which have impacts on longevity.
There are potentially many solutions to this problem, but privatization would be a huge step forward compared to the current system. At least with privatization you could pass on your accumulated wealth to your children, even if you didn't get to enjoy it yourself.
- Jtsummers 10y agoThat certainly would be a benefit, but that changes it from a traditional pension to a retirement savings/investing account. Traditional pensions are typically not inheritable (except, potentially, by a spouse) and, also typically, offer guarantees on payout. You will get $3000/month. A retirement savings/investment account can make no such guarantees.