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 earningstandard long term returns than the Social Security benefits they replace.
Considering no one can save every dime they earn, not even quarter-millionaires, all bets are off that a guy earning that standard middle class pay is going to become rich in his or her lifetime.
It gave top-tier earning expatriates the ability to avoid the standard progressive income tax of up to 43% and instead pay a flat tax rate of 24% on income earned in-country.