Comment by jldugger

The hiccup has _always_ been figuring out how to pay for existing retirees. That's why it's PAYG instead of a savings plan.

But more fundamentally, SS is more of an age pension[1]. Super is the step above that, akin to forcing all americans to fund their 401k / IRA.

[1]: https://en.wikipedia.org/wiki/Social_security_in_Australia#A...