> The Trust Fund is required by law to be invested in non-marketable securities issued and guaranteed by the "full faith and credit" of the federal government. These securities earn a market rate of interest.[5]
> [...] One projection scenario estimates that, by 2035, the Trust Fund could be exhausted. Thereafter, payroll taxes are projected to only cover approximately 83% of program obligations. [7]
> There have been various proposals to address this shortfall, including: reducing government expenditures, such as by raising the retirement age; tax increases; investment diversification [8] and, borrowing.
First, should social security ever be privatized? No, because they would steal it all in fees compared to HODL'ing Index Funds and commodities (as a hedge against inflation).
What should social security be invested in?
Low-risk investments in the interest of all of the people who plan to rely upon OASDI for retirement and accidental disability (OASDI: OA "Old Age", S "Survivors", D "Disability", I "Insurance")
What should a sovereign wealth fund be invested in?
We don't do "soverign wealth funds" because we don't have a monarchy in the United States; we have a temp servant leader President role and we have Congress and they work together to prepare the budget.
The President of the United States has limited budgetary discretionary authority by design. OMB (Office of Management and Budget) must work with CBO (Congressional Budget Office) to prepare the budget.
Bitcoin? TSLA? $TRUMP? DOGE?
Or do we think that it's going to pump everything in the world?