The rich will bail out state pensions when they go bankrupt, and effectively already do via implicitly backing state debts. In the end, all social security is

The rich will bail out state pensions when they go bankrupt, and effectively already do via implicitly backing state debts. In the end, all social security is a wealth transfer from rich to poor. Even rich employees become much (money) poorer when they retire. That's not a criticism, just an observation.