What if Social Security Were Completely Scrapped ?
(...) The idea that ordinary people save too little to fund their retirement is unfounded. Several recent studies indicate that most people make adequate provisions for their retirements, and some supposedly save too much. (...)
The rate of return that anyone gets from Social Security depends upon life expectancy. People with higher incomes tend to live longer than those with low incomes. Consequently, Social Security tends to transfer income from poor to rich. (...)
