From the day you enter the job market, you have an array of products and services to choose from to build your own customized retirement savings safety net. This is true even today in our mixed economy, although the taxes you pay for Social Security and other programs severely constrain your ability to plan for your own retirement.
In a capitalist social system, you don’t pay social security and other safety net taxes, so you have more money left to save out of each paycheck. You aren’t limited to your employer’s 401(k) or similar plan for additional savings because, with little or no rights-violating income taxes, tax-deferred savings plans are a thing of the past as there is nothing to defer. And financial institutions are free to innovate without the burden of regulations. This continuously drives down investment costs, again leaving more money for you. And on top of that, without taxes on interest, dividends, or capital gains, and with the power of compounding returns, your savings grow a lot faster.
Think Right or Wrong, Not Left or Right 