Leonard Schwartz on Social Security

Social Security is a Ponzi scheme; privatize it

• Allow workers to invest a portion of their payroll tax in private accounts which they manage themselves.
• Allow workers to invest a portion of their payroll tax in private accounts managed by private firms contracted by the government.
• Schwartz adds, "The current Social Security system is a fraudulent Ponzi scheme, with no guarantee that anyone will receive money, It should be replaced."