While I'm skeptical of the current state of Social Security, this doesn't quite work. The dollars in your account are useful only to the extent that there is st

While I'm skeptical of the current state of Social Security, this doesn't quite work. The dollars in your account are useful only to the extent that there is stuff being produced that you can buy with them. If your population is mostly retired people, there's not going to be much stuff and prices will be bid up rapidly. So great, there's $10 million in your private account, unfortunately your home nurse costs $2 million a year.