Privatize it. Each individual should have a separate fund in which they, and their employer, pay into and accumulate retirement wealth. A fund that is theirs and theirs alone, and cannot be stolen by the government, even when they die.
“Privatize it. Each individual should have a separate fund in which they, and their employer, pay into and accumulate retirement wealth. A fund that is theirs and theirs alone, and cannot be stolen by the government, even when they die.”
George W. Bush proposed partial privatization 20 years ago, combining a 401K-type plan and a more limited social security draw. I recall it was DOA in Congress.