Capitol Hill Blue Forums Political Issues Election Issues Wither the Democratic Party

I think if you accept Social Security as being socialist, then you are accepting the erroneous label of Conservatives. It would be socialist if people did not make contributions and then have their draw dependent on their contribution average over the years. (There ARE some socialist aspects like SSI Disability Income, etc. but the main activity is NOT socialist.)

In it's current form, it is much more like an annuity: Definitely a capitalist investment vehicle. In fact I think you could buy just such an annuity from an insurance company, though they would charge you enough to make a handsome profit.

It invests in US T-Bills, so most of us who can collect really don't need to have a fixed-asset allocation in our retirement portfolio. Silly to buy more T-Bills when you already have so much invested in them.