Congrats on totally missing my point.
Most people have not paid in what they get out, that’s why it’s collapsing. On this one thing I think people should only get what they need. There’s no reason for you to have both a good 401k and get government welfare cheese like SS at the same time.
How very communist of you.
“From each according to his ability, to each according to his needs”
That is exactly what you are advocating!
That is why the holder of the funds must invest wisely so that your investment grows. Most people that have money in banks with guaranteed interest always get more out than they put in. Government does not invest wisely, in fact they don't invest at all. Maybe SS should be converted to a credit card and use the same collection agency as real cards do.
“””Most people have not paid in what they get out,”””
You need to consider this.
If the average worker had been able to put the Social Security Tax into a private account that invested in Treasury Bonds, then today the average worker would hundreds of thousands of dollars in their private account earning what they now receive from SS.
And when that average worker dies, the principal in that private account would go to the worker’s heirs.