Privatising social security will increase the amount of money that reitrees can draw on  Private accounts would provide retirees with a higher rate of return on investments. [1] Privatization would give investment decisions to account holders. This does not mean that Social Security money for the under 55’s would go to Wall Street.. This could be left to the individual's discretion. Potentially this could include government funds. But with government’s record of mismanagement, and a $14 trillion deficit, it seems unlikely that many people would join that choice. [2]  As Andrew Roth argues, "Democrats will say supporters of personal accounts will allow people's fragile retirement plans to be subjected to the whims of the stock market, but that's just more demagoguery. First, personal accounts would be voluntary. If you like the current system (the one that [can be raided by] politicians), you can stay put and be subjected to decreasingly low returns as Social Security goes bankrupt. But if you want your money protected from politicians and have the opportunity to invest in the same financial assets that politicians invest in their own retirement plans (most are well-diversified long term funds), then you should have that option." [3  Social Security privatization would actually help the economically marginalised in two ways. Firstly, by ending the harm social security currently does; Those at the poverty level need every cent just to survive. Even those in the lower-middle class don’t money to put into a wealth-generating retirement account. They have to rely on social security income to pay the bills when they reach retirement. Unfortunately, current social security pay-outs are at or below the poverty level. The money earned in benefits based on a retiree’s contributions during their working life is less than the return on a passbook savings account. [4]  Secondly, these same groups would be amongst the biggest 'winners' from privatization. By providing a much higher rate of return, privatization would raise the incomes of those elderly retirees who are most in need.  The current system contains many inequities that leave the poor at a disadvantage. For instance, the low-income elderly are most likely to be dependent on Social Security benefits for most or all of their retirement income. But despite a progressive benefit structure, Social Security benefits are inadequate for the elderly poor's retirement needs. [5]  Privatizing Social Security would improve individual liberty. Privatization would give all Americans the opportunity to participate in the economy through investments. Everyone would become capitalists and stock owners reducing the division of labour and capital and restoring the ownership that was the initial foundation of the American dream. [6]  Moreover, privatized accounts would be transferable within families, which current Social Security accounts are not. These privatized accounts would be personal assets, much like a house or a 401k account. On death, privatised social security accounts could pass to an individual’s heirs. With the current system, this cannot be done. Workers who have spent their lives paying withholding taxes are, in effect, denied a proprietary claim over money that, by rights, belongs to them. [7]  This would make privatization a progressive move. Because the wealthy generally live longer than the poor, they receive a higher total of Social Security payments over the course of their lifetimes. This would be evened out if remaining benefits could be passed on. [8] Privatizing Social Security increases personal choice and gives people control over what they paid and thus are entitled to. Overall, therefore, privatizing Social Security would increase the amount of money that marginalised retirees receive and would give all retirees more freedom to invest and distribute social security payments.  [1] Tanner, Michael. "Privatizing Social Security: A Big Boost for the Poor." CATO. 26 July 1996.   [2] Roth, Andrew. "Privatize Social Security? Hell Yeah!". Club for Growth.21 September 21 2010.   [3] Roth, Andrew. "Privatize Social Security? Hell Yeah!". Club for Growth.21 September 21 2010.   [4] Tanner, Michael. "Privatizing Social Security: A Big Boost for the Poor." CATO. 26 July 1996.   [5] Tanner, Michael. "Privatizing Social Security: A Big Boost for the Poor." CATO. 26 July 1996.   [6] Tanner, Michael. "Privatizing Social Security: A Big Boost for the Poor." CATO. 26 July 1996.   [7] Roth, Andrew. "Privatize Social Security? Hell Yeah!". Club for Growth.21 September 21 2010.   [8] Tanner, Michael. "Privatizing Social Security: A Big Boost for the Poor." CATO. 26 July 1996.