Well, if social security was privatized and the stock market crashed, I guess lots of money would be lost, but it wouldn't put people into debt now would it? Sure, 15.3% of everyone's income would be down the toilet, but the other 60% or so they get to keep after taxes remains theirs (to invest on their own). It's not exactly a shirt losing venture, and it's no worse than bankruptcy could be. Either way the fund will eventually decrease to zero. Does it really matter how in the end?
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