Buy custom Privatization: Too much Risk for Senior Citizens?
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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 868 |
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According to Hill, the costs could last as long as, "40-70 years" by switching from a centralized system to one of 150 million individual accounts (p. 175). The second direct cost that the public will undoubtedly face by privatization is the increased administrative costs of privatization. According to the author, if we were to switch to a privatized system, the costs of operating 150 million individual accounts would be much more significant than operating one single large centralized system...
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According to the author, if we were to switch to a privatized system, the costs of operating 150 million individual accounts would be much more significant than operating one single large centralized system. Finally, the third potential cost associated with privatization is the potential market risk associated with an individually invested account...
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