Really?
If you pay into an insurance policy for many years (annuities) and then start drawing fixed income from that policy,,,that’s socialist, you say?
Social Security is darn near communist. You are not paying into your own retirement. You are paying benefits to the generation that came before you and of course the cripples in your own generation. the younger generation that you expect to pay your "benefits" weren't party to that agreement and now know the system will be broke when it is their turn. When they get numerous enough compared to us boomers (we're dying out) they will lean on the politicians to cut you off. You don't have an account you paid into.
By being an American you are a party to that agreement.
Folks have been talking for a long time about “the system being broke by,,,”.
SS ain’t going away.
And by the way, most insurance devices and instruments operate on the pool method of incoming versus outgoing capital.
