Reply #9: Eric, I have a three part question about Social Security.

[Czolgosz]

Is it your understanding that Social Security operates (and was set up to operate) so that the current tax payers contribute to the support of the current retirees or so that the current tax payers pay money into an account for their own retirement?

If you believe the first model is how Social Security is set up, how can you privatize Social Security without either double taxing a generation or skipping a generation's benefits?

If you believe the second model is how Social Security is set up, would you please direct me to any sources that support your understanding of how Social Security functions?