LOL -- A warning from Napolitano

[Riot]

Originally Posted by Antitrust32

I support privatization...

like a 401k where I have the options on where it is invested.

You would have lost 1/3 to 1/5 of your funds in the past 8 years. That wouldn't matter if you were young and could make it up, but those within 10 years of retirement were hit very hard with the financial crash, loss of their house value, etc.

The government, alternatively, has to keep the funds safe so the capital isn't lost.

You can start a 401k now if your boss offers one. And if they do, take it, it's free matching money. Social security isn't a primary retirement program for anyone, it's only a minimal backup to keep people out of poverty in retirement.

Why are you against raising the cap?