Reply #18: these are some of the reasons

[demigoddess]

1. we already have that ability , it is called an IRA , a roth IRA , AND a stock market account.
2. an overhead (cost) of 1% versus 20-30% for privatization.
3. social security is the INSURANCE that one falls back on when your pension is stolen by the corporation, or when the stock market crashes, or when they send your job overseas, or any one of those other UNFORSEEN DISASTERS that happen in this world.
4. There are people who do not have the means or the smarts to save money. who gamble away or spend everything they earn. And because we do not want to see all these old people living and dieing on the streets in the future.