re: Then there is the Galveston Texas model
here's the key section since you probably won't want to read the entire article. Galveston TX retire's vs. American Social Security Recipiants:
A retired $20,000-per-year worker with the personal retirement account would receive $2,740 each month at current interest rates, while Social Security benefits would be about $775 per month.
A $50,000 per year worker would receive $6,843 from the private plan, compared to $1,302 from Social Security.
Yeap...Social security keeps the poor just where the politicians want them: Poor and dependent on a NON-EXISTANT "trust fund"