Wouldn't privatizing social security work to undermine democracy in the United States?

[KarenL]

No, it would not destroy this Republic. It would however, greatly upset the Democratic Party who gave us this Ponzi Scheme. People in America saved for their families and old age from 1790 to the 1940's It was not until the "Progressives" gave us Income Tax, which allowed the government to invade your privacy in 1913, Prohibition in 1918, which destroyed privacy within your dwelling and basements (where you were likely to brew beer on old "soap stoves" or make wine). The great "Father" who "does not speak with forked tongue" FDR by EO outlawed ownership of gold and designed Social Security as a means to drain off cash from the people to his friends hired in the quickly growing bureaucracy that he was constructing. But your grandparents still saved --- the WW II ended the Democratic Congress say all the money from FICA in an account so they increased the payout on the "policy" without raising premiums. LBJ destroy the myth by moving these "funds" to be replaced with IOU from your great great great grandchildren.

If Congress would allow people to privately save for their future without the invasion of the IRS and future taxes, people would go back to savings. Some would buy gold/silver/platinum/rare earths. Some would buy land, some (if allowed) would buy into sports teams like people of GB did with the Packers back in the 1920's. Yes, some people (today) do not know how to save, but they could learn again.

Wall Street power would return to the people if government was not able to use your money to pick winner (SoLyndra,GE, et al) and losers (oil, coal, mining companies). Business buy politicians because Politicians make it profitable to do so. Microsoft was "saved" by the DoJ and was given a monopoly in exchange for hooks in its bloatware to allow agencies to track emails. spending, viewing. CIO get a exogenous budget increase variable every 24-30 months to make them buy all new hardware/software to run on MSFT bloatware. Coincidence, don't think so.

If you want your say in today's world, demand control of your assets and privacy, like our Founding Fathers gave us, long before the "Progressives" sought to enslave everyone.

The American People are the most generous in the world, if left to their own volition. But the leeches of government bureaucracies who need to spend your hard earned money to justify their worthless existence will not let people vote on how tax money ought to be spent or even how it should be raised.