With the same act, I would be supporting a new class of micro-entrepreneurs creating a lifestyle of self-sufficiency, rather than one of aid-dependence.
Funded individual pensions liberate citizens, especially the less well-off, from dependence on the state in retirement, and replace that dependence with financial self-determination.
It is an inexorable march to socialism creating a Pavlovian response mechanism of government dependence in contrast to self-reliance which is the backbone of American greatness.
Israel would be encouraged to abandon its traditional posture of military self-reliance in favor of a de facto dependence upon U.S. forces misconstrued to represent a form of security guarantee.