Don’t be bashing on privatizing social security based on Chile’s system.
Even many middle-class workers who contributed regularly are finding that their private accounts – burdened with hidden fees that may have soaked up as much as a third of their original investment – are failing to deliver as much in benefits as they would have received if they had stayed in the old system.
And it’s the principle of the thing anyway. (I used to say that about high school. I don’t mind school, it’s the principal of the thing…) I think I should be able to prepare for my financial future any way I want. The government does not need to hold my hand, thank you very much. They should concentrate on shooting down earth-shattering meteors.