UP’s Stephen Moore narrates the case for giving every young American the option of putting Social Security payroll tax dollars into personal accounts – much like 401k plans. This would allow every American worker to become a capitalist owner and democratize wealth. For the past 40 years, the left has argued these personal accounts are “too risky.”
No. If baby boomers had been permitted these accounts, the average worker would be receiving $8,000 a month rather than the paltry average of $1,900 a month. They would also be able to leave their children at least $1 million at death.
Social Security is a ripoff for today’s young workers – the worst investment they will ever make – and the Prager U video shows they deserve a better deal. Show this to your kids so we can end the world’s largest Ponzi scheme. Watch the video by clicking below!