Social Security Privatization and Its Impact on Society Essay

Social Security Privatization and Its Impact on Society Essay

Length: 2795 words (8 double-spaced pages)

Rating: Powerful Essays

Open Document

Essay Preview

Social Security Privatization and its Impact on Society

II. Introduction

Each day that goes by there is a politician or journalist arguing about social security, the plans for saving it, and the repercussions of said plans. These topics are constantly flowing through newspapers, internet sites, online journals, and economic journals as well as many other forms of media. The major topic of discussion is the plan put forth by the current administration to reform social security, or more specifically, privatize it. There is no correct argument or correct opinion on how the situation with social security should be handled. Unfortunately, the government has the power in their hands to do with it as they see fit. Presented in this paper are numerous articles stating the condition of social security and specific problems with the way social security stands today.

III. Summary of Article #1

Social Security and the African American Male is an article written by Eddie Davis out of Buffalo State College. It was published in the Journal of Sociology and Social Welfare, March, 2005, Volume XXXII, Number 1. In this article Davis starts with offering an explanation of what a "just" law is. A just law is one that is made by a person who has no knowledge or who will be advantageous as a result of the law, but instead be under a "vale of ignorance." The author then goes on to explain why the laws created to govern the way social security is run is not just. How the euro-referenced politicians promulgated the laws on planned structural discrimination, class exploitation, and inter-group antagonism. The exploration of this issue began with an assumed relationship between the different life expectancy of African Americ...

... middle of paper ...

...urity and the African American Male (A Cash Transfer System), Journal of Sociology and Social Welfare, March, 2005, Volume XXXII, Number 1

Carolyn L. Weaver, Social Security,

Borzutsky S., Chile: Has social security privatization fostered economic development? Int J Soc Welfare 2001: 10: 294-299 Copyright Blackwell, 2001.

Kelly A. Olsen, Social security privatization and Generation X, The Washington Quarterly 22:1 pp 189-204 Copyright 1999

John B. Williamson, Tay K. McNamara, and Stephanie A. Howling, Generational Equity, Generational Interdependence, and the Framing of the Debate Over Social Security Reform, Journal of sociology and Social Welfare

Etzeoni Amitai, End Game, what the elderly have earned, Copyright American Scholar

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Proposed Alternative to the Privatization of Social Security Essay

- Our nation is on the verge of a crisis. The money that is put aside for Social Security and the benefit of our elders is drying up. Because of this, our president has announced in his State of the Union address that Social Security should be privatized. The benefits of this plan, according to Mr. President, would allow the people to take the money out of social security, and place it in their own investments, thus alleviating the pressure from the government. Democrats are deeply troubled by this proposal and claim that this course of action would be disastrous for seniors....   [tags: government, politics]

Powerful Essays
910 words (2.6 pages)

The Social Security Program Essay

- ... Therefore, inferring from the 2013 Trustees Report this change is possibly the key component of any frame work to changing social security (The Board of Trustees, 2013). Proponents of social security privatization have built their argument around the premise the government grossly mismanages the fund, therefore individuals do not get the maximum return on their investment (Gokhale, 2013). They argue one of the key factors for government to keep social security in its current form is its ability to inflate the value of public savings and deflate the value of public debt (Svihula, 2008)....   [tags: employment, policy makers, privatization]

Powerful Essays
1395 words (4 pages)

The Ethics of Prison Privatization Essay

- How true is Christie’s warning that an increasingly privatized penal service threatens the ethics and effectiveness of the criminal justice system. More aspects of the penal system are now privatized, and are set to increase. This includes the privatization of such services as prisons, electronic tags, catering companies, probation work or prison escort services. David Taylor-Smith, head of the world’s biggest security firm, G4S says he expects private companies will be running large parts of the UK’s police service within five years (Taylor and Travis, 2012)....   [tags: legal issues, penal system]

Powerful Essays
2385 words (6.8 pages)

Essay on Social Reproduction in Society

- Social reproduction is the reproduction of cultural, human, and social capital in society. Therefore languages, traditions, cultural values, education, food security, and social circles are passed down from one generation to the next through Karl Mannheim’s concept of “fresh contact” and through society as a whole. Social reproduction is effective when social structures and equality within society are maintained. Inequality, poverty, and social changes that force society to adapt can impede the process of social reproduction causing what is known as a “crisis in social reproduction” (Wells, 2009)....   [tags: Cultural, Human, Social Capital, Karl Mannheim]

Powerful Essays
1000 words (2.9 pages)

Essay on Globalization And Its Impacts On Social Conditions

- Globalization and its Impacts Introduction This essay will mainly point out on what is globalization and its theories and what effects is it causing on welfare of people and how is it causing effects on social conditions for the population in south in this essay it is about India and Nigeria . Globalization and Theories Oxford dictionary (2015) explains that Globalization is the process in which businesses and organizations develop international influence and work in an international scale .The world system theory states there is a class difference within society ....   [tags: Globalization, Sovereignty, Rural, Privatization]

Powerful Essays
1102 words (3.1 pages)

privatization Essay

- The social impact of privatization has been an appendage rather than being built into the design of public sector reform programs and particular measures from start to finish. The objectives and the process of privatization has to be rethought because democracy requires the fullest participation of all people in American society, not just those deemed to live in the “public sector”. What is happening is not only increasing fear of the poor, but also the privatization of public space, which is given an added push by government cut-backs....   [tags: essays research papers]

Free Essays
756 words (2.2 pages)

Privatization of Social Security Essay

- It’s a matter of either losing all that you have worked for and live in poverty when retired or allowing your hard earned dollars to grow and have a secure comfortable retirement. I believe that Social Security is a doomed Government Program and that Privatization of Social Security would allow for a more secure retirement plan for all Americans. Social Security was first created to help aging Americans in their senior years so they would not end up in poverty. Social Security was signed in as law on August 14, 1935 by President Franklin D....   [tags: retirement plan, privatization of social security]

Powerful Essays
1348 words (3.9 pages)

What is the Future of Social Security? Essay

- What is the future of Social Security. There is much-heated debate on the issues of Social Security today. The Social Security system is the largest government program of income distribution in the United States. People are concerned that they won't see a dime of what they worked so hard to contribute into the Social Security system for so many years. Social Security provides benefits to about forty-three million Americans. Not only to retired workers, but also to their spouses and dependents of the workers who die prematurely....   [tags: essays research papers]

Powerful Essays
1069 words (3.1 pages)

Social Security Essay

- Social Security "On a daily basis senior citizens face a choice between buying food, paying the rent, or buying medicine. Senior citizens slice pills into halves because they can't afford their full prescriptions." (Federal News Service Sept. 2002) Social Security is what keeps many elderly and disabled Americans from being stricken by poverty. Without Social Security in our society 15.3 million elderly would have incomes below the poverty line, however after Social Security was added to the equation only 3.8 million elderly have incomes below poverty....   [tags: Welfare Politics Essays]

Powerful Essays
989 words (2.8 pages)

Essay about Social Security Reform

- Social Security Reform      It is not difficult to understand why Social Security is our country’s most popular government program. Prior to its inception in the 1930’s, more than half the nation’s elderly lived in poverty. The program was designed as a social (old-age) insurance plan which provides a guaranteed income to retired and disabled workers whose loss of wages promises an uncertain economic future. I emphasize the word guaranteed, as this is the issue in contention when considering reform propositions....   [tags: Government Political Public Policy Essays]

Powerful Essays
1952 words (5.6 pages)