That misses the point of the program, which is to foster individual responsibility. Under private accounts, your future is in your own hands. If you work diligently, you will store up the maximum in your private account each year. If you are slothful, you will only partially fund your account, and you will suffer for it.
Whoa! It is the pinnacle of arrogance to believe that one's own endeavors brought forth the mcmansion home, fancy degree, six-or seven figure income.
Anyone so deluded is denying credit to the reality: just plain luck of the draw in genes, country of birth, childhood school district, having parents, hard-working teachers (underpaid, esp. the private school ones), etc.
This is called society, and it fulfills its function best when all members care for each other and look out for each other.
And if you make more than $200,000 a year, do you owe alot more to society than the stiff that makes $30,000? Absolutely yes, IMO!
Immorality should not be encouraged or subsidized.
Yes, also: intolerance, self-pride, selfishness, stinginess, a non-charitable heart.
I would like to now introduce the concept of enough. As in- I have been given and granted enough. I have been gifted enough. Now I have the choice to share. I am a member of a community called the US. I care about myself; I care about my community.
Actually I'm being selfish. Who wants to pull out of their gated community and stare at impoverished settlements? Or have your drive ruined by underdressed women advertising their merchandise on the roadside? I find life more pleasant when I can understand and communicate intelligently with others, such as the postal clerk and grocer's cashier.