题目内容
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Privatization and the "business model" in this passage most probably mean ______.
A．potential menace to life
B．new features of campus life
C．new trend on campus
D．dependence on industry and charities
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更多“Privatization and the "busines…”相关的问题
It can be inferred from the passage that Social Security privatization will ______ .
A．provide high returns for the new governments
B．be strongly opposed by Wall Street
C．bring the future retirees more benefits
D．allow individuals to invest in personal accounts
The author's attitude towards the privatization proposal is______.
A．impartial
B．suspicious
C．neutral
D．approval
According to its advocates, who will gain from the privatization of Social Security？
A．Investors in stock markets.
B．Retired Workers in the future.
C．The future Congresses.
D．Account information brokers.
The author's attitude towards the privatization proposal is ______ .
A．impartial
B．suspicious
C．neutral
D．approval
It can be inferred from the passage that Social Security privatization will______.
A．provide high returns for the new governments
B．be strongly opposed by Wall Street
C．bring the future retirees more benefits
D．allow individuals to invest in personal accounts
What kind of relationship is reflected between Mr. Dantas and government in the passage？
A．His influence on government may reduce his notoriety and crime.
B．In business privatization, he participated with demanding expertise.
C．He never meets the President himself.
D．People knowing him deem that he was sheer evil.
It is implied in the passage that ______.
A．the general public is too naive to accept the "privatization"
B．the notion that "the customer is always right" is out of date
C．it is a general trend that there will be more public disclosure of privately funded research
D．the bovine spongiform. encephalopathy epidemic in Britain was more serious than what was disclosed
Privatization would begin by diverting payroll taxes, which pay for current Social Security benefits, into personal investment accounts. The government would have to borrow to make up the shortfall. This would sharply increase the government's debt. "Never mind", privatization advocates say, "in the long run, people would make so much on personal accounts that the government could save money by cutting retirees' benefits."
Even so, if personal investment accounts were invested in Treasury bonds, this whole process would accomplish precisely nothing. The interest workers would receive on their accounts would exactly match the interest the government would have to pay on its additional debt. To compensate for the initial borrowing, the government would have to cut future benefits so much that workers would gain nothing at all. However, privatizers claim that these investments would make a lot of money and that, in effect, the government, not the workers, would reap most of those gains, because as personal accounts grew, the government could cut benefits.
We can argue at length about whether the high stock returns such schemes assume are realistic (they aren't), but let's cut to the chase: in essence, such schemes involve having the government borrow heavily and put the money in the stock market. That's because the government would, in effect, confiscate workers' gains in their personal accounts by cutting those workers' benefits.
Once you realize what privatization really means, it doesn't sound too responsible, does it？ But the details make it considerably worse. First, financial markets would, correctly, treat the reality of huge deficits today as a much more important indicator of the government's fiscal health than the mere promise that government could save money by cutting benefits in the distant future. After all, a government bond is a legally binding promise to pay, while a benefits formula that supposedly cuts costs 40 years from now is nothing more than a suggestion to future Congresses. If a privatization plan passed in 2005 called for steep benefit cuts in 2045, what are the odds that those cuts would really happen？ Second, a system of personal accounts would pay huge brokerage fees. Of course, from Wall Street's point of view that's a benefit, not a cost.
According to the author, "privatizers" are those ______ .
A．who borrow from banks to invest in the stock market
B．who invest in Treasury bonds
C．who advocate the government to borrow money from citizens
D．who earn large sums of money in personal accounts
