Does this stupid idiot even understand what he’s saying outside of polled talking points?
Social security was conceived as and IS a supplemental retirement plan.
But it failed and thus was created 401k’s along with IRAs.
ANYONE can get an IRA, even if their company offers a 401k and you can even get the tax credits for your IRA if you don’t contribute to your 401k (which I did for awhile because my company’s 401k sucked).
Now here comes buttgood who wants to offer a 401k TO social security.
It doesn’t make sense as a plan - it doesn’t benefit anyone... except the government which will take in more money and harm the individual.
And you can have a private IRA even if your job doesn’t come with a 401K. Or contractors like me who don’t get a 401K.