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What Personal Accounts For Social Security Should Be

894 words - 4 pages

In his State of the Union Address, President Bush said that the Social Security system is headed for "bankruptcy," He also made his proposal on private Social Security accounts. What the president proposed sound like a good idea, but in fact they violate the rules and are not following the current facts.The president said: "In addition, you'll be able to pass along the money that accumulates in your personal account, if you wish, to your children and -- or grandchildren. And best of all, the money in the account is yours, and the government can never take it away." However, this is not true. As described by the Senior Administration Official, the owners of personal accounts wouldn't be able ...view middle of the document...

85% of our polities are based on Liberalism. Bush's proposal on the personal accounts for Social Security follows the idea of Liberalism, too.According to the ideology of classical Liberalism, the only time government can act is to prevent harm to others. Three accepted roles of the government are national security, law and order justice, and infrastructure. The government should not have controls to individual's legal property including the money in personal accounts. Restriction on the personal accounts such as people would not be permitted to withdraw money is violating individual's freedom. On the other hand, Bush's "you'll be able to pass along the money... the money in the account is yours" completely tally with the goals of Classical Liberalism: individual defines his own needs instead of being restricted by the government, and has equal chance to pursuit happiness.The laws, the facts, and society's greed fix together make people difficult to choose which side to stand for. Personal accounts for Social Security are not the speculative vehicles. They directly influence individual's interests while working and also the happiness after retirement. Restricting people to take fully control of their personal accounts limited people's ability to pursuit their goals in education, economy activities, and so on. Shortening the retirement fund obviously is an unfair treatment for everybody, for that money is what we work so hard for! Therefore, the elites should make Social...

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