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View Diary: Ordinary people losing trust in the economic system - and doing something about it (191 comments)

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  •  It also fits their philosophy (5+ / 0-)

    The right wing hates an effective government program, so they naturally try to starve it or destroy it.  For Social Security, that means cutting benefits or privatizing it.  They give it the allure of more promising market returns.

    If we wanted to increase the returns on Social Security, the much simpler way to do that would be to raise benefits.  Heck, if you wanted to make Social Security more like a 401k (although why on Earth would you?  401k's have been a disaster for workers - PENSIONS should be the gold standard), you could just allow multiple levels of Social Security contributions.  At the same level as today, get the same benefits.  However, you can opt in to a higher benefit tier by paying a higher portion of your income to fund.  Done.

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