Privatization eliminates benefits for those who can do better with 5% of their payroll taxes than the government does with the entire 12.4%.
All this toil to maintain an average benefit of about $12,000 a year!
David Marotta discusses how Social Security could offer more benefit for less cost.
Waiting for the higher payout is like buying longevity insurance.
The argument that workers might make mistakes is strange in light of the gross errors made by the government itself.
It is a tragic irony that the goals of collectivism are best achieved by respecting individual liberties.
The incentives that produce wealth also produce inequity. Valuing equality above all else destroys the real wealth they are trying to redistribute.
We are living too long and we don’t have as many children as we used to.
The major mistake was in not indexing the age of retirement to life expectancy.