[The Great RJ]

workers...would be required to invest 5 percent of their pay into a guaranteed retirement account administered by the Social Security Administration. The money in turn would be invested in special government bonds that would pay 3 percent a year, adjusted for inflation.

This is just another payroll tax like Social Security with IOUs from the government backing any measly benefit that you might receive if the government says so. If you die all this money of course will just be the governments and not pass to your heirs.

[visualops]

It would seem they want to make it more attractive to be poor. Big shock there.