I kind of like it. https://www.marketwatch.com/story/b...tirement-11598893294?siteid=yhoof2&yptr=yahoo
Not a bad idea...would be a lot smarter than our current social security program. A couple of things...what happens if a person doesn't make it to 65? Does that money transfer to their next of kin? What if they don't have any? What about the disabled...would there still be social security disability for them? Would they be able to tap into it early? There would have to be a lot worked out, but it's a good starting point. Maybe partner this with a UBI program and I think you've got something.
Problems: Inflation in 65 years would eat that $1 million up. Like most lotto winners, retirees will go through that 1 large in no time flat once they reach 65. Wall Street will lobby hard to separate the fool from his/her money.