Social security

The current social security retirement system is unfair and racist. Consider a White female vs a Black male both age 62 and both having lifetime average earnings of $60,000. Both would be eligible for $1,224 per month. The White female has a life expectancy at age 62 of 80.5 years while the Black male at age 62 has a life expectancy of 69.0 years. This means the White lady will collect $272,000 while the Black male will collect $103,000. If this retirement fund were privatized they would both end up with the same amount of money and when they died these funds could be passed on to their hairs.