In his N.Y. Times op-ed (Feb. 28, 2023), columnist Paul Krugman admitted that Social Security is indeed not like a pension plan, but rather incorporates significant wealth transfers from higher- to lower-income participants.The thing about Social Security is that from the beginning it was designed to encourage misconceptions. It looks, on casual inspection, like a giant version of a private pension plan. You pay into such a plan during your working years, contributing to a pension fund, and when you retire you receive payments from that fund in proportion to the amount you put in. ...I'm pretty sure that it...