Would YOU chose public or private social security?

Question

Let's say new policy means that as of now you could choose your social security: 1) either remain in the current system or 2) Have all your social security taxes placed into a private 401k-like account, with a short menu of diverse mutual funds to choose from, and you cannot touch the money until retirement age.

Forget right or wrong or if this is politically feasible. Would YOU chose the public or private plan?

Answer 1

I am so tired of people making the argument that people are not smart enough to save their own money and will screw it up. That is a slap in the face. It is condescending. It also ends up forcing 300+ million people to participate in a government program (many against their will).

I gladly choose my own private account. Over the 30-40 years you save for retirement, the market will give good returns.
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Answer 2

Public. Many people on IRAs are retiring with nearly nothing after a lifetime of savings.
The financially unsophisticated need protection: they are NOT bad people.