Can't SS just be liquidated? Can workers who put money into the system receive a lump sum payment? I mean, I'll even settle for a reduced lump sum payout, such as 80% or even 50% of the total amount of money I paid into the system.
Once that happens, then workers who turn 18 should be required to open their own IRA-type account. A minimum of 10% of their annual income, for example.
I'll sign a notarized statement saying that I forgo any future SS benefits if my employer and I could opt out of the system and not pay the tax.
They can keep the money. I'm not going to see it anyway and besides, I'm planning my retirement as if SS doesn't exist (Which theoretically, it doesn't).