A Look into Social Security by Pang Yang

Some politicians suggest allowing the government to invest the trust fund, instead of allowing individuals to invest and own their own money. But allowing the government to invest could politicize the stock market and have negative effects on the economy.
Virtually all legislative proposals for private accounts include a safety net to protect workers. If a worker has not accumulated adequate funds by retirement, the government could "top off" worker's account. The guaranteed benefit could be set to ensure that every worker's retirement income is at least at or above the federal poverty line. The safety net could be financed out of general revenues.
Privatization Social Security would lead to an increase in national saving, with hundreds of billions of dollars invested through individual accounts every year. Those investments, in turn, would substantially increase national investment, productivity, wages, jobs, and overall economic growth. …