Do something like Chile and move to an expanded IRA system that is deductible upon contribution, and tax-exempt on withdrawal. Get the government out of it.
Let people decide if they want to stick with conventional SS or move to the new system, or perhaps a hybrid.
Like an IRA, you can pass on to your heirs if you croak before retirement age.
I know I’m dreaming.
Wake up Chauncey! You’re dreaming!
Anything practical will never be done here because there are too many pockets left unpicked by the politicians and their buddies.