CMKM Diamonds Inc. (fka CMKX)

[Investorman]

That is sort of true at the present time but remember that when SS began, they were paying benefits before they took much in. It has been in the hole ever since. You are still talking about funding it with current revenues instead of holding the money in an investment accout like you do with a 401k. And unlike a 401k, it isn't your money - if you die before collecting any benefits you just lose your contributions.

It is a very poor retirement system and doomed to failure in the long run unless it is funded by tax revenues.... and you know where they come from.