Reply #113: "The only argument you can make is that in the future that there will be"

[endarkenment]

yes of course there will be as we are just entering the boomer retirement wave. That demographic blip calls in all the fictional IOUs in the SS trust fund and the government will find itself very hard pressed to meet its SS and Medicare obligations. That pressure will not be offset by the un-repealing of the estate tax repeal, which by the way has not happened. I'm sure a Democratic congress will not be bullied into keeping the repeal in place. Oh wait, I'm not sure of that at all.

This proposal, which is the point of the privatization scams, will then morph into a replacement for SS itself, allowing the government to start treating existing pensioners as welfare cases while not getting voted out by irate future pensioners who will be deluded into thinking that their 'private' government accounts will be safe. Meanwhile billions will flow into wall street to manage all these accounts. It is a corrupt scam. If the intent is to encourage people to save more, liberalize IRA and 401K and SEP regulations.