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How would the distribution of income change if Social Security were privatized?
Privatizing social security would mean that it is no longer a guaranteed system that Americans can depend on. Instead, it would be more like a pension program, and many pension programs have ended because private companies have found them too costly. It is not worth the risk of such an important program ending or being downsized. People are really not going to save for there retirement money..that why we have this program so when we retire we can safely know that we have money.
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Answer . No.. Social Security income is considered a "protected class" and cannot be garnished.. Most garnishments would be a result of a court order and not because of …some private company got a wild hair. The IRS is the only exception to effecting a garnishment without benefit of a court order that I know of. (MORE)
make it an easier transition for someone who is receiving social security benefits as a male who decides to change their sex to female. There are no guidelines for such a topi…c at present.This should be addressed so there would be an easier process for such people who are going through this transition. (MORE)
In Income Taxes
The answer is no!
Some people believe that anything done by government is going to be less efficient than what private enterprise would do. It is certainly possible for people to arrange to obt…ain pensions from a private source, rather than from the government. Possibly something more efficient than the social security system could be devised. (MORE)