Many here will disagree but I think Social Security was a good thing. It was started by Otto Von Bismarck and Winston Churchill saw it in Germany and thought it a good idea.
Now don’t get me wrong. I do not like our welfare system.
If you could put your SS money in a good investment account, you will retire a millionaire and be able to pass the remaining money to your heirs.
Social Security is an un-sustainable multi-generation Ponzi scheme run by the government.
At the time, maybe, because people then were seriously uneducated and usually you just worked until you were worn out or broken and just disposed of for a new worker.
The pool for that quality of labor was immense and there was literally 0 or negative wage pressure as a result. It resulted, and probably couldn’t have ended up any other way, in the rise of unions and progressivism among other things.
Now that everybody excepting the care-nots can conceive of and act in the interest of a period in their later years of not working and also have at least the basic understanding of saving it’s far less necessary. Technological society should at some point cut the newest generations free of it and honor the obligations to the older.