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Full-Text Articles in Retirement Security Law
Privatization Of Social Security: Misguided Reform, Kathryn L. Moore
Privatization Of Social Security: Misguided Reform, Kathryn L. Moore
Law Faculty Scholarly Articles
This article begins by briefly describing the social security program. It then discusses the reasons for social security's widespread popularity and its impending funding crisis. The article goes on to briefly describe some of the pending privatization proposals. The article concludes by discussing the practical and theoretical problems with privatizing social security. Specifically, it describes the investment risk participants face under a privatized system and the transition problems created by converting to such a system. Finally, this article explains why the privatization proposals promote misguided paternalism and misconceive the role social security should play in our national retirement system.
Redistribution Under A Partially Privatized Social Security System, Kathryn L. Moore
Redistribution Under A Partially Privatized Social Security System, Kathryn L. Moore
Law Faculty Scholarly Articles
Once viewed as a radical recommendation, proposals to privatize Social Security abound. Moreover, proposals to privatize partially Social Security are beginning to receive serious consideration. Accordingly, this Article will address the likely effect of partial privatization on Social Security's ability to redistribute income. For the purposes of this Article, privatization will refer to proposals that involve individuals directing their own pre-funded individual accounts and bearing the risk of investing in the private market and not to proposals that involve the federal government investing in the private market and bearing the risk. This Article will treat proposals that "add" a defined …