Quote:
Originally Posted by Buster
It's not a choice to pocket the FICA tax and do what you want. Privatization allows you to invest those funds in the market rather than trusting the government to hold it for you. It won't change your take-home pay. It does however, help you establish a better retirement AND you will know it WILL be there for you, unlike with Social "Security" which is anything but secure.
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It would also give you ownership of the money you invested so that your spouse and children can enjoy your hard work if you pass away unlike SS. For example. If me and my wife divorce and my children are grown and I pass away the money I have put in SS is gone. It goes back into the system for someone else to collect. Now can anyone explain how that is fair?