I could support a plan where wealthy people voluntarily give up the social security they are entitled to, IF they are able to assign what they earned tax free to their kids to collect at the same age they would have.
I personally for instance am fairly well off and really don’t need the social security I have paid for. BUT, I worry about my kids and whether they will be in a similar position or not long after I am gone.
I would feel better knowing it was there for them if they needed it.