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Socializing the retirement system would make us MORE dependent on the birthrate. Social security draws from the working force to pay for currently retired. Its already breaking at the seams. If the working force increases and the retirees increase we are in trouble.

It would be better if people saved up for their own retirement over time and did not depend on the government forcing the working force to give up their income.

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The money is an abstraction. If you look at the actual production and consumption, it's clear that the issue persists regardless of whether the retirement system is government-provided or funded through private savings.

You can't actually save up the things that retirees need. They will mostly require services. No matter how much cash has been set aside up to pay for it, the supply of services is largely dependent on the labour force available. The production and consumption of services needs to balance instantaneously.

"It would be better if people saved up for their own retirement over time and did not depend on the government forcing the working force to give up their income."

The US had that exact system up until about 1935 - when Social Security was founded. It turns out that if we let people save for their own retirement, the vast majority will choose not to.

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