Households for whom individual accounts closely resemble 401(k)s and IRAs and who are currently saving as much as they choose for retirement would probably reduce their own saving in the presence of individual accounts.
If individuals had their own  accounts they may invest less in accounts like 401(k)s and IRA's.
for instance that and i could you know i could envision a society where that would happen and make an interesting uh uh story or whatever i i don't think i have a philosophical problem with that in fact i think it sort of raises