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Student Publications Homepage
ARTICLE CONTENTS
[Pages 975-1058]
TOP OF ARTICLE
Introduction: Aesop Revisited
I. The Privatization Argument: Smart Money
A. The Privatization Critique of Social Security
1. Baby Boom Retirement Disaster
2. Rate of Return
3. Social Security Costs Too Much
4. Depression of Savings Rate
B. The Case For Privatization—“To Get Rich is Glorious”
II. The Penumbra of Property Rights—Autonomy, Property and Retirement
A. A Question of Rights
B. Roots of Income Entitlement: Social Security and the Pension Analogy
1. Retirement and Entitlement in American History
2. The Failure of Private Property Rights
3. The New Deal and the “Property Right” Concept of Entitlement
C. The New Property—Reich and the Wrong Box
D. The Property Rights Fetish
III. Entitlement vs. Privatization in the Retirement Context: A New Non-Property
A. The Importance of Cultural Grounding of Rights
B. The Risks of the Property Right Box
C. The Importance of Being Entitled: The New Non-Property
Conclusion: Deconstructing Aesop’s Ant
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