A case study on personal soc security funds
In 1980 Chile's SS system was heading down the tubes. Instead of taking $ from the workers to the govt, the govt mandated 10% into personal retirement investment funds. What happened? Retirees got richer. Personal investments are a nightmare to Democratic pols who would lose the bugaboo threats of "Those mean-spirited Republicans are gonna take away your benefits if you don't vote for me" at election time.
Why ANYONE would prefer Ted Kennedy to manage their future vs controlling it themselves is a mystery to me.