Good grief you are awful at reading comprehension and depth of ideas, on top of having the worst character on the board. You are literally wrong on every thread you post in, obtuse in every thread you post in, and narcissistic in every thread you post in (your character explains that). YOUR own account, not one the Government controls, YOUR own account. It is obvious by now that you literally do not understand words meanings, but hey you’re a numbers guy. Find you a good math board to post on.
You contradicted yourself in your post. This is how I know you’re obtuse
“There was no way to provide individual investment accounts for every person in the US in 1935.”
“Funny thing is, that's actually how SS works now. Everyone has their own account, and everyone gets a payout based on the amount paid in.”
You are either intentionally obfuscating (this is what dims do, see SS as an example) or like I said, need to stick with math
You are honestly too dumb to realize how dumb you are.
There was no way to create PRIVATE investment accounts where everyone has the ability to choose their own investments. But surely you understand that everyone has a social security number, yes? THAT IS YOUR PERSONAL GOVERNMENT ACCOUNT NUMBER for the one-size-fits-all system we now have, that is what was possible in 1935. And there is no reason to change now, all that would do is create social insecurity, as you would be putting all the risk on the people to make the correct investing decisions, and so there would be winners and losers, and what would happen then? The losers would cry and the government would end up stepping in and funding the losers anyway so we didn't have a bunch of old people starving in the streets, and we would be in the same boat we are in now, with a lot of time and effort (and money) wasted.
Even knowing your limitations, I am evidently still blind to the depth and breadth of your lack of knowledge about how things work.