"Should Social Security Be Scrapped, Changed?" (Viewpoints, Aug. 18) included three articles. In the first, Edward R. Roybal ("System's Great Success Is Best Argument for It") points out that Social Security provides families with protection against risks that no savings or investment plan could, and for which private insurance would be prohibitively expensive.
Peter J. Ferrara ("A Miserable Deal for Today's Young Workers") explains the Social Security tax rate, which is far higher now than years ago, and the poor prospects for a decent income when they retire.
These factors make Social Security a bad deal for younger workers. Both he and the third author, Daniel F. McGinn ("The Program Is Good, but It Should Be Redesigned to Eliminate Flaws") advocate complex changes in the system.
All these authors have a "blind spot." They ignore one fact that is the basic reason Social Security is a problem. Only when that fact is taken into account can meaningful analyses of the situation and helpful suggestions for the improvement of the system be made.