I’ve thought about for 30+ years. It is just a scam. The IOUs are not marketable government securities. All social security promises, when you cut through the lies, is to transfer massive amounts of income from younger generations to older generations through taxation. It has never ever been anything else.
You still aren’t thinking.
If SS has been running a surplus since its inception, but there’s nothing but IOUs in the piggy bank...then OBVIOUSLY it’s quite a bit more than a scam to transfer wealth from youngsters to old people, isn’t it??!?!
Think some more.