No, the S&P is not risky (riskier than US bonds, however). But you can't force people to invest in the S&P. And you certainly can't let the government play in private markets. I can't imagine a worse idea. If you let people decide what to invest in, they are going to gamble. And lose. Bitcoin. Gamestop. High risk investments. Sorry, but privatization is a recipe for complete disaster. The tigers are licking their chops.
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