Piketty “...opposes personal investment accounts in Social Security because there is too much risk of making bad investments.”
Like our current ‘investment’ isn’t risky? The bad investment was the New (Raw) Deal foist on the American people by the socialist nutjob FDR; the closest thing to a dictator we’ve had in the US, to this point.
SS is a Ponzi Scheme, great for those who get in early, but not so much for the late comers. When there are more recipients than there are contributors, the system collapses and SS becomes just another welfare handout.