You mean Congressional theft!
I’m confused. So I’m 76 and Mr. M is 81. My SS is higher than his. So I can switch it so that he receives my SS and I receive his?
Yes, government can print money, but they never make money. They only spend money (yours and mine). Government had no business constitutionally getting into the retirement industry. That said, they can and do legislate things like IRA’s and 401K’s that incentivize investment in the market, which without further hanky panky, is good for American business in general.
What I have said for several decades is that the government, knowing SS will eventually be insolvent, should have allowed an ‘opt out’ for future workers/retirees, where they would no longer contribute to SS, but take that money instead and put it into market investments under the 401k model, thus weening the government off future SS liabilities and infusing huge cash flow into the market. Doing so would generate much higher retirement return income than SS for workers, even if you only had 10 years to do so before retirement. For workers with 20 or more years until retirement, the benefit would be much greater than any SS in retirement.