I see your point, but in any private system where only the poor participate, only the poor pay the fees that allow the system to exist, so you either further disproportionately disadvantage them financially and/or you provide them with notably worse service and support than the well-to-do enjoy for their investments.
Re:The Investor Class Hates Pensions
by ThrustVectoring on Tuesday March 06, 2018 @11:21AM
(#16529779)
We might have different definitions of "well to do". I was thinking of households making over $500k per year.
If all the retirement system change is make rich people opt out and have poor people who die early pay for the retirement of poor people who die late, it's a smashing success.