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Deets argues that privatizing social security would destroy a sound system that has stood the test of time for many decades. In the current system workers pay a portion of their income into the system where the government uses it and pays the workers back upon retirement. Deets goes on to argue that without social security nearly half of the nations elderly would live in poverty. There would be widespread poverty among the elderly or those about to retire if the system was privatized because if younger workers were allowed to drop out then it would reduce the benefits that older workers and the elderly currently receive (Deets 3)...
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