[mosdef]

You and I also have varying degrees of overlap and conflict in political philosophies and also both agree that social security is a disaster. The question is: how to fix it?

Wind it up? We could buy annuities for pensioners from private insurers and distribute the remainder to non-pensioners.

Individual accounts? It would clearly eliminate ALL of the intergenerational wealth transfer issues that are associated with a defined benefit plan. The issue is that there would be risk associated with the investment returns, and the pool of assets would strain the market. General market production would skyrocket though.

Privatization? All the obligations could be given to the market to sort out via annities and investment accounts.

Anything else?