@MDBitcoin And putting all of your eggs in one basket. I hope your basket never falls and all the eggs break. There is absolutely no reason to take this risk.
@MattWalshBlog There's another solution Matt. Make sure they can get by without depending on Social Security. All it takes is another $1,500 -$2,500 monthly. Teach them how to invest better, work more productively, and to be more entrepreneureal.
Terrible idea Matt. You are ignoring the key foundational rule known as the time value of money where a dollar saved 40 years ago is worth only $0.31 today. This would make your suggestion of merely returning what a person put into Social Security a net loss of $0.69 for those people. They could have invested that money for 40 years and earned a large return on it. In summation, terrible idea!