I wonder what the people at Enron believe? I have a feeling Social Security will be more real for them than their bankrupted 401Ks or any other program Will can conjure up for Wall Street to abscond with.
Will assumes everyone is honest and bad things do not happen. He describes a utopian vision of the world.
There are better ways, than the present system, to help people enjoy retirement, but they are not any of the ways Will describes.
His ideas are a simple parroting of Wall Street. Leave Wall Street out of it.