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I understand that, and maybe a month's worth is unrealistic but perhaps a percentage of the overall ... 'skimmed' and put into a real interest producing lock box.

What about that?

At 2%, the current program allocates roughly 1/6 to personal accounts. Your proposal would be 1/12. Both would be subject to increase over time.

The question then becomes who is responsible for the investment decision on those funds in the lock box?

Recall that Clinton actually proposed personal accounts as a means of "saving Social Security". However, in his model, it was the Washington bureaucrats and politicians who would decide how (and where) the money was to be invested.

Consider the power to extort contained within that power. Which, of course, was what Clinton was all about -- running a shakedown racket.

So, if your lockbox plan incorporated self-directed personal accounts with something like the five low-cost funds offered by the government's own Thrift Savings Plan, it would be no different structurally than the current proposal. It would just be of a more modest scope.

"Recall that Clinton actually proposed personal accounts as a means of "saving Social Security". However, in his model, it was the Washington bureaucrats and politicians who would decide how (and where) the money was to be invested."

Hmmmmmm ... I didn't really understand the x42's plan.
But ...
Couldn't/wouldn't the gov't 'fund' become (sooner rather than later?) enough to eliminate SS taxes entirely?

Or am I being naively idealistic?

Synopsizing;
Govt takes money and invests it's entirety
said 'fund' grows to point where SS taxes are no longer neccesary,
wage earner has already been 'allowed' to 'privatize'
True retirement incomes are realized.