I would prefer something like that too. My guess is that unless there are big changes in our government the system will collapse in a few years if not sooner.
In discussing SS with you I was trying to separate the inherent flaws in the system if it were well run and the way the politicians have looted the system and will need to borrow trillions of dollars to make future payments.
The thing I do not see is how it is possible to transition from the current system to a privatized system. You appear to be very knowledgeable on the subject. Do you think it is possible to make the transition from the present system to a privatized system and still take care of the people who have payed into the system for 30 or 40 years but are still working and have yet to retire?
Yes, a number of think tanks have come up with possible solutions.