Matt Yglesias

19 Responses to “Conservative Senators for Social Security Privatization”

1. Andrew Fly Says:
   October 21st, 2008 at 1:35 pm

   What about knowledgeable folks like Will Wilkinson who are also for privitization? not that I am but when smart people lay it out it can be persuasive

2. Andrew Fly Says:
   October 21st, 2008 at 1:43 pm

   Here’s a quote from WW.

   If you can show me one wealthy liberal democracy that has recently reformed their old age pension system to look more like the one we have and less like the one Bush proposed, I’ll give you $100.

   Also, you can find me very carefully considering the arguments in favor of the current regime in the paper I link to. They are bad arguments. We have a terrible system.

3. eriks Says:
   October 21st, 2008 at 2:02 pm

   Can we please get rid of the “privatization” meme? Social Security is a safety-net. With privatization, the program ceases to be a safety net and is instead a risky source of income. It fundamentally transforms the program to something it was never intended to be. Privatizers are against Social Security, not for privatizing.

4. Evil Twin Says:
   October 21st, 2008 at 4:54 pm

   Sorry, no Will Wilkinson, seems to be a particularly poorly informed commentator on the topic of Social Security. He addresses none of the basic flaws in converting to a strictly gambling system (the market) and laughably claims that “Interest on lots of checking accounts beats the average rate of return for SS.” His ability to will away the costs of a “private” plan (which must include government tracking of all of your accounts) and his desire to have the government re-allocate your funds as your retirement draw near make his plan laughably inept.

   This isn’t a smart person talking about Social Security, this is someone with a little knowledge and a big chip on his shoulder.

   Basically me, but less informed and wrong.

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