MOORE: Well, this is an idea that I don’t know if the Trump administration is going to embrace, but it’s something, I think, for middle-class people would be one of the best ways for every American to own stock in America. So, instead – the idea would be, you know, rather than having to send your 10% of your paycheck into the black hole of Social Security, you would be able to put that into personal account, like an index fund. And that means, Steve, everybody in America would benefit when the stock market goes up.
via Media Matters.
Related Reading:
Social Security Privatization: Then and Now.
While it’s safe for Democrats to declare their opposition to privatization, the bolder step they need to make in this politically charged benefit-cuts environment is to demand that any Social Security conversation must address benefit adequacy as well as long-term solvency.