Pro to the question "Should Social Security Be Privatized?"
"...[I]nvestment in private capital assets provides a higher rate of return than can be earned through the current PAYGO Social Security system... Even those groups that receive the highest returns under Social Security, such as low-income, single-earner couples, would receive higher rates of return through private investment. Higher returns would, in turn, mean higher retirement benefits.
Given the other advantages of individual accounts, such as inheritability, ownership, and equity, Social Security reform based on private capital investment is clearly superior to the current Social Security system."
"The Better Deal: Estimating Rates of Return under a System of Individual Accounts," www.cato.org, Oct. 28, 2003