Social security vs. stock returns: no contest

One of the strangest arguments against voluntary personal accounts is the claim that those who choose such accounts will earn a lower rate of return than those who do not. This argument is not odd because I disagree with it, but because if it were persuasive, then young people could be easily persuaded to shun personal accounts. If personal accounts were really an inferior choice, then few would choose them and Social Security would remain pretty much the way it is now -- a bunch of empty promises dependent on the generosity of future taxpayers."

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