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Pros And Cons Of Social Security

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The Good and Bad Concepts of Social Security
Social Security as a whole has been a major part of The United States’ economy for a very long time. Though it is very important form of income to many people, specifically to older citizens, there are many people have opposing views over the branch of the welfare state. In some cases the social security system has been said to be more of a tool used to steal more money from working families. In other cases it is said to be the only reason that some people have not filed for bankruptcy.
Tanner (2014) explains that the real problem with the social security system is not taking money from working citizens, the real problem is what people who are befitting from social security do with the money. When …show more content…

As Schottland (1963) describes how, allowing older workers to retire allows for citizens who are just joining the work force and/or people looking for promotions gain their opportunity like the people before them. This system continuously gives workers morale, giving them support by showing them that they could possibly earn more money or be promoted to a better position. When workers have an incentive to work they will work more efficiently and without problem. Whereas some authors discuss the advantages and disadvantages of the social security system others write about how to fix the problems with it. Walker (2005) discusses changing the system to make it easier for people to not abuse it. In some aspects a structural reform could ease the poverty level while not allowing people to use their money in such a way that would lead them to poverty. With the trend of the development of the social security system it is theorized that there will be a higher necessity for payment and amount of people needing to be paid. In Sheiber’s book Sheiber says, “If the government simply held the collected money, it would act as a tremendous drag on the economy.”(2012) in this quote he describes that when the government has control of such a surplus of money it would cause problems for the entire

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