Too late for that. The time to do it was 30 years ago, but as of now, SS is already upside down with current outlays exceeding current revenue. They already are dipping into the 'reserves' which are nothing but IOUs from the Treasury and it will only get worse as the tidal wave of boomers start collecting benefits over the next decade.
Completely wrong.
There is no such thing as Social Security trust fund. All taxes we pay in (federal, state, coporate, sales, employee/employer, social security, medicare, etc.) are things we are mandated to pay with no direct payback.. you can’t take social security as the only thing we pay and try to make it unique. I pay a ton of money to the government that is not Social Security, and I never will get that money back either.