Here’s yet another Social Security review and why not? From Stuart Butler in the LA Times (use BugMeNot for registration if needed):
As the Social Security system itself has aged, payroll taxes have grown relentlessly and the return on those taxes has fallen dramatically. When Social Security began, the payroll tax was just 2% of income. Now it's 12.4%. Today, the average male worker about to retire will typically get just a 1.27% return on his lifetime of taxes — less than he'd get from a savings account. That's bad enough, but the younger you are, the worse it will get. A 25-year-old worker can expect a return of minus-0.64% — he loses money.That’s Social Security for you: a system so great, they had to make it compulsory.
Some retirement "security" program. Imagine what Congress would say if a private company was taking in billions of dollars from millions of working Americans and then giving them back less money in retirement.