Quote:
Originally Posted by JSH
Social Security is social safety net to insure at least a basic level of living for the elderly and disabled. Without it many would live in abject poverty or be dependent on other social programs. Given the option to opt out most would and yet many of those would not save anything or they would save and then have that savings wiped out by some life event. Taking care of the old and sick is a basic part of the social contract of living in a modern society.
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We did without SS before, we can do it again. People that make bad decisions should not be insulated from those decisions. The social contract is that we take care of people. SS is a shirking of that responsibility.
As you point out, it isn't savings, so it has an unfixable flaw in that fluctuations in population create unfairness and a broken system.