“Most of these boomers have been paying SS tax since they were 16 with their first job. So the majority have paid into the system for over 40 years. What happened to all that money?”
It went to the retirees of that time. SS has always been a pass-through system, money doesn’t accumulate anywhere.
“SS has always been a pass-through system....”
I’m sure you meant “ponzi scheme”....