| The only thing that works with SS is the fact that most people don't save squat, and if left to their own devices they would be the grasshopper more often than the ant. The only unfair thing is that it penalizes the people who CAN intelligently manage their finances to a degree that their return would exceed SS bennies.
I'd love to have the ability to see an alternate reality where SS didn't exist and see how many people who were NOT forced to contribute ended up on welfare, or on the street. For an effective alternate to Social Security to become a reality we need to work NOT on privatization, IRAs and all the other schemes, but on the way people think. Unfortunately, it looks like we need another depression, one every few generations actually. Most of the people who lived through the great depression are dead and successive generations have gotten more and more spoiled. I know I have gotten spoiled as a lot of my generation who were born in the 50's. |