New proposals to privatize Social Security are characterized by:
A) increased government regulation.
B) expectations that the government will wisely invest Social Security funds.
C) a greater shift toward the philosophy of social insurance.
D) expectations that individuals can invest more wisely than the government.

Question

Quizplus · Accepted Answer

New proposals for privatization of Social Security suggest that individuals can invest their funds more wisely than the government. This is based on the idea that individuals have more control over their own investments and are more likely to make informed investment decisions. This represents a shift away from the philosophy of social insurance, which emphasizes the role of government in providing for the social welfare of citizens.

New Proposals to Privatize Social Security Are Characterized By