Consider a person making $10/hr begins at age 25 to work ten extra hours each week and puts that money into an investment with a 5% yield. He/she continues to do so until reaching the age 45, at which point they stop working the extra hours and no longer contribute a single dime to this investment fund. When that person turns 65, they will be handed a check for $485K. And if that same person happens to die, that money will be handed over to their kids and grandkids, thus breaking the cycle of poverty in future generations.
There is no greater factor in today'w world for exacerbating the cycle of poverty than the Social Security ponzi scheme.
I agree with you.