Would we need Social Security if we properly regulated Wall Street?

[jehen]

Wrong - the purpose was to insure a dignified retirement for everyone. At the time it was implemented the average wage earner had insufficient income to properly save for retirement and worked until death or died because they could not work. And here we are again. The average wage earner has never had sufficient income. Additionally many have had their pensions stolen, underfunded or dissolved in bankruptcy, or were falsely promised magnificent returns on a 401K as a failed substitute for an adequate pension. A compulsory retirement contribution and plan administered by the government is the only way to insure adequate funding, adequate benefits, and keeping the greedy moneyed interests from getting their mits on those funds or shirking their responsibilities in the social contract operating a limited liability corporation in the public sphere.