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My point is that while that approach may work out just fine for you, it won't work out for everyone. When we form public policy we need to look at the country as a whole, not just people who will take care of themselves. So the question is "What kind of retirement security, if any, do we want to be available to the general population without any independent action by them?"

A funded pension system and/or target date retirement funds would be an extremely simply solution that would provide ownership as well as much higher returns than the 1% or so people get now on their money. Additionally, having ownership would help the vast majority of the poor and minorities that die earlier than the rest of us and leave nothing in SS benefits to their spouses in many cases - we take their money and they often get nothing back.

I don't mind so much that the govt requires that I 'save' for retirment via SS, I do mind that I get less return than what I would get in a FDIC or U.S. Treasure account.
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