Social Security is not sustainable without reform. Simply put, it
cannot pay promised future benefits with current levels of
taxation. Yet raising taxes or cutting benefits will only make a
bad deal worse. At the same time, workers have no ownership of
their benefits, and Social Security benefits are not inheritable.
This is particularly problematic for low-wage workers and
minorities. Perhaps most important, the current Social Security
system gives workers no choice or control over their financial
future.
