Picture needing your SS and getting raped for over a decade.
SS Sucks. For the money you put into SS your benefits should be at least 5times more and more importantly it should be yours in your own account accessible by you at any time for any purpose.
That is your opinion. But it depends on when you retire. If it was in 2010, for example, your retirement may well have been less. But the main thing is, our political representatives are ELECTED. And since their constituents do not want them touching ss, they will not. So, whatever. You want a investment program based on private investments and handled by private investors. Without any thought as to how you are going to get the investment dollars into the plan to pay out well for the retiree.
Here is the thing. If you are having some problem with ss, just go ahead and invest privately. And you would start to understand why many would not be able to follow your plan. Because they are living paycheck to paycheck without the ability to invest regularly. And in the end, they would loose everything. And, if we did not like that, and we saw hundreds of thousands on the streets as we did prior to ss, then we would be paying their retirement for them, just to keep them alive. Because, of course, most people do not like seeing others starving.
So, while a small percentage of the people, like you, think ss sucks, most think your idea of privatizing ss sucks. Ask W.