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January 21, 2005
George Will on Personal Accounts
George Will stated that the best reasons for personal accounts for Social Security "rise from the philosophy of freedom":
Voluntary personal accounts will allow competing fund managers, rather than a government monopoly on income transfers from workers to retirees, to allocate a large pool of money. This will enhance the economic dynamism conducive to an open society. Personal accounts will respect individuals' autonomy and competence and will narrow the wealth gap by facilitating the accumulation of wealth -- bequeathable wealth -- by people of modest incomes.
How can the Left successfully argue against that? Truth is, they can't.
Posted by Andrew Roth at January 21, 2005 12:18 PM | Print