Maybe we all should take a look at the empty vault where the SS money should be, it has no money there since being, stolen, by our elected officals to be used for everything else but for what it was intended.
It was never invested wisely as it was such an easy target for our elected officals to steal.
There must be a reason that these educated elected officals have a much better retirement source than the voters who elected them. Perhaps their thinking is why would I put MY money into something that will get stolen from by others and replaced with useless IOU'S?
If there was a way to allow the people to withdraw whatever was in their account, the scandal would be beyound belief when they found out there was no money there.
Why do youn think there is such resistance to op-out of SS completly and putting that money where YOU have control and the ability to invest wherever you want? That would dry up their slush fund used at their pleasure for other than what it was intended.
Individuals have no accounts. They don't own their contributions. The federal government does. The Supreme Court ruled in Flemming v. Nestor that there is no legal right to Social Security benefits. Source: Flemming V. Nestor, 363 U.S. 603, 610–11 (1960)