Elegant Distractions

I'm all for the idea of privatizing social security. I'd be for a Chilean system where the whole thing is privatized but I would settle for at least some of my money in my control. The return on investment of Social Security is terrible and will be much worse by the time I retire in over three decades. There may be trouble in paradise, however. This article from Econopundit (if you don't read them, you are missing out) tells of the trouble. It turns out that private accounts may be an administrative nightmare. Then again, so are taxes and we live with them. If Chile can do it with their whole system, I'm sure the U.S. can do it with part of ours.