Privatization of the Social Security System Would Lead to Which

Privatization of the social security system would lead to which of the following adverse outcomes?

A) The private companies would make a lot of profit and deprive the investors of their legitimate returns.
B) Many people would invest irrationally and end up earning nothing.
C) The amount of benefit received would drastically fall as the private firms do not have social obligations.
D) It might lead to accumulation of substantial black money.
E) There would be an increase in government borrowing and debt creation.