Agreed. I've been for something that looks like this as well and I am a 30 something too.
Another thing I was thinking (don't we all just sit around and mull over public policy?). Why not impose a mandatory retirement savings percentage for workers
until they turn 30? Say, force the young workforce to funnel a significant portion of their gross pay into a retirement account. At age 30, the contribution becomes discretionary. The money is the individual's, but completely untouchable until the agreed upon arbitrary retirement age.
That would at least provide for the "safety net" so many bleeding hearts say we need. Personally, I would prefer total elimination of this type of thing, but if we're going to have it, the scheme needs to be improved upon.