End it gradually. Let those who are 20+ years out get out of this ponzi scheme.
A phase-out/privatization plan is the best, along with a raise in the age.
The problem with Social Security, is that too many voters, even those who lean conservative, basically plug their ears and say “la-la-la-la-I-can’t-hear-you” when you discuss true, meaningful Social Security reform. That’s gonna be a tough nut to crack, but right now, with our huge deficits, it might be the time to try it.
“End it gradually. Let those who are 20+ years out get out of this ponzi scheme.”
Good luck. The benefits may be tapered off, but those who aren’t due to retire for 20 or more years yet will never escape paying into the system. Like you say, it’s a ponzi scheme, and someone always gets the shaft in the end.
It should take at least 20 years to raise it that much but since folks are living so much longer I agree
and I am not young