Diversifying the trust fund causes conservative backlash
Templin ‘11
(Benjamin A, Associate Professor, Thomas Jefferson School of Law, 35 Fordham Int'l L.J. 98, “ARTICLE: SOCIAL SECURITY REFORM: SOVEREIGN WEALTH FUNDS AS A MODEL FOR INCREASING TRUST FUND RETURNS,” pg lexis//um-ef)
Despite the economic logic behind diversifying the Trust Fund, policymakers and politicians have not considered diversification in the most recent round of discussions on how to address the imminent funding crisis. 9 One concern voiced is that market volatility could lead to lower returns during some periods of time and this might result in some generations having to pay higher taxes in order to fund benefits. 10 Additionally, conservatives oppose the proposal on philosophical grounds, arguing that government investment is a form of socialism, which may result in political interference in private enterprise. 11