Difference between social security privatization and turning 401ks into government run accounts?

[ryan g]

Since democrats were so against turning social security into government run individual retirement accounts (privatization), what is all this talk I hear about them thinking of turning 401ks and IRAs into government run individual retirement accounts? Maybe I'm misunderstanding something. Please explain.

[Waldo]

Um... Hello?

IRAs and 401k were created by the US tax code.

[katmandu_85219]

Yes there has been talk of that. 401k can loose money, but on the whole makes money.
The govt wants it invested in low yield govt securities where it will make quite a bit less money
but will be safer. However, investors have the option of investing in secure govt securities.
This is just another way for the govt to get money.
SS is a low interest govt loan and makes little money, if privatized it will be invested in the stock
markets by experienced investing firms. They could loose money, but will probably make more money than it does at the present time.

[TAT]

Turning our 401ks into govt accounts is what they want bc it leaves the govt in charge and what they do not squander they can redistribute