Curated from: fee.org
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... violate your rights to plan your retirement. Your Social Security taxes pay benefits for today’s recipients, and theoretically, tomorrow’s workers’ taxes will pay for your benefits. That's very different from investing because it doesn’t encourage responsible attitudes toward saving for the future. It is also far less profitable.
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The current system is an entitlement program in which everyone gets to claim a retirement pension from the state (that is, from working taxpayers), regardless of whether they’ve been industrious and thrifty.
You are not saving for your retirement at all; you are paying for the retirement of others, and hoping that later on someone else will pay for yours and that someone will manage this system efficiently.
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The right to financial independence needs to be asserted—the right to work, exchange your labor for money, and to control the fruits of your labor.
This necessarily includes the right to plan and save for your own retirement, free from coercion or interference.
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