The general population is not smart enough to understand a 401k and raids it as soon as they can.
The Obama administration was big on the “gentle nudge” policies - so that for example they would enroll you in retirement, but you could opt out, but I don’t think that’s strong enough.
Firstly you'd rightfully realize that whatever I said they weren't your savings, rather it was my money that I was agreeing to let you have at some future date. Secondly I would come to the same realization.
I think social security is a far better setup than forced savings account. The fact that it's much harder to raid, that it's not really 'your money' locked up somewhere is a big reason why it has lasted as long as it has.
Unless you're the government and can 'borrow' the money, from yourself, as part of some creative accounting scheme. Thanks Reagan.
https://www.fedsmith.com/2013/10/11/ronald-reagan-and-the-gr...
A public pension is a "forced savings account" that pools a whole bunch of risks together across the entire population. It's forced savings plus an insurance policy.
Now someone will probably say that everyone should be forced to save with a private account and also forced to carry "old age insurance" or something, but hopefully people can see that's just a public pension but worse, because you're at the mercy of middle men and grifters.