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Judy on Social Security Judy explains her opposition to privatization and her thoughts on younger workers and social security.I am opposed to privatization, and I will vote against any proposal that allows the federal government to invest Social Security funds in the stock market. The problems with this proposal are numerous, from the partial nationalization of major businesses to the risk that investment decisions will be driven by political considerations, not revenue-generating considerations. We must also guarantee that there will be no cuts in benefits and no increase in taxes.
Instead, we should consider proposals that give young people who are just entering the system some control over how a small portion of their Social Security payroll taxes are invested. This option should not be mandatory for any workers - young or old. We must explore ways to reform Social Security. If we do not, one thing is certain: those just entering the workforce today will end up contributing more to and receiving significantly less from the Social Security program when they retire. We cannot shortchange our children and grandchildren in this way.
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