Would you agree to let young people Opt out of Social Security if they wanted and invest that money elsewhere?

[LV426]

It sounds good, but what happens in the following circumstances:

(1) An aggressive investor loses everything

(2) A conservative investor doesn't have enough to live on

(3) A run-of-the-mill investor finds out he's been defrauded

Hell, how about me? I've invested in average mutual funds for the last 20 years. Now they're in the toilet. Thank God I'm not retiring any time soon. What if I was? Tough luck?

In all of these circumstances, they are going to come crawling back to the government, looking for support. So, now, not only is the pool of money smaller, but we've got people who didn't put anything in, knocking on the door, crying for help because they got hosed taking the reins for themselves.

I'm not a fan of big government, but the average person spends no time reviewing their investments. They just dump some money in a mutual fund, praying it'll be worth more in the future.