What about the poor taxpayers who put 15.3% of their paychecks into Social Security? A 20 year old starting work today will lose something like 2% on their contributions. I'll be lucky to break even. Give me a 401K over Social Security anyday. When the market recovers (in 10,15,20 years) I'll be fine, Social Security will still suck.
Ponzi schemes always suck, to those who get in later.
The only winners are the early players and the conductor of the scheme. That's why the government made it a crime for anyone other than the government to run a Ponzi scheme.