Then you are going to have a lot of destitute people. I don’t think that’s good.
Next, you have to look at the consequences with is wealth inequality, and the bad things associated with that.
But equally, i agree with those that state they aren’t going to be paid.
Why aren’t they going to be paid? The debts too large.
It’s a almost like Schrodinger’s cat. For some reason you won’t open the book to see that SS or the Welfare state is dead.
That’s why reporting the debt is the first step to fixing the problem You might be able to support yourself, although I’d be careful.
Think what a government does when its desperate for cash. It looks around and sees money in funded pensions, 401K etc. It then says, nasty Wall Street (or the city) isn’t managing the money properly. We will take it over. They sell off the asset, spend the cash, replace it with a promise that’s worthless. Now you’ve lost your safety net too.
It’s already happened in lots of countries.
