This is only true in the most abstract, hand-waving sense. In the real world, people on social security are spending the money being put in by current workers. Social Security is classified as a mature, pay-as-you-go system.
Who will take care of you IF your investments do not pay off.
Family? Friends? Private charitable organizations, whether or not affiliated with a religion? Any private citizen or privately organized group of citizens? Anyone but government? I think we've given the redistribution with government oversight plan plenty of time to prove itself. It has only proven one thing. It is spectacularly inept. It's time to try something else. Like letting people take care of themselves, and look after each other.
If you are saying that people cannot be trusted to look after each other, you are advocating totalitarian governance of one form or another. You are either for freedom, or against it. No middle ground. Either trust freedom, and the freedom of people to look after themselves and each other, or reject liberty's premise and promises.
And the stock market--when the boomers start drawing on it what do you think will happen to it?
Equities are not the only way to build a retirement net egg. Never have been, never will be the only place for investment cash. When boomers start rotating out, that cash will go somewhere. Some places in the economy will be especially attractive to that cash. Those places will be new areas of investment opportunity.
Looks like a good article.
If actuaries are correct and if I am not mistaken SS is based on actuaries not many will draw it for 30 years.
I still believe you are in a dream world if you believe a different government program (which allows "you" the decision about your money) will realize a different result.
At first glance this article mentions reduced birth rates. I have not read the article but I will as it looks interesting. Thanks. Wasn't it the government that pushed reduced rates of population to avoid a population explosion? Seems this does not come back to the people that are reliant on the RESULT of government's policies that are ever changing but rather the problem IS the government. Good luck getting them out of your pocket. If they are out of your pocket how have they got you tied to them for their political fodder. I am referring to the majority of the population that works for someone and not the business owner.