Social Security is a scheme that transfers wealth from young working people to older people. It is also a mechanism to replace private savings, individual investment, and familial support with government support.

These are not virtues, except to today’s Democrats, who have introduced a bill to exacerbate their damaging effects. The Social Security 2100 Act would decrease lifetime earnings of today’s young people and increase that of today’s old people while also reducing the amount of money people make from work in order to increase the amount they get from the government.