What is a major critique of partial and full privatization of Social Security?

Question

Quizplus · Accepted Answer

A major critique of partial and full privatization of Social Security is that the transition to privatization would be expensive. It would require a significant amount of money to set up and administer the private accounts, as well as to pay benefits to those who are currently receiving Social Security. This cost could be quite high, especially if the transition is done quickly, and would need to be paid for by taxpayers.

What Is a Major Critique of Partial and Full Privatization