Blacks are stiffed by the current pay-as-you-go Social Security system, because they die younger than whites and so collect fewer benefits.

ECONOMIST: Yes, but they keep quiet about it

With this approach, because standard, long term, market investment returns are so much higher than the implicit returns paid by completely noninvested, pay-as-you-go Social Security, all workers who exercise the personal accounts would receive more in benefits through the personal accounts earning standard long term returns than the Social Security benefits they replace.

FORBES: A Personal Account Option For Social Security

Yet Washington leaves Social Security to forever be a pay-as-you-go system, spending all the tax money and keeping the Social Security liability 100% unfunded.

FORBES: Magazine Article