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Many people depend on social security for retirement income, albeit how insufficient in many cases. We should work to strengthen social security rather than privatize it to ensure people get the benefits they need to survive.
This likely wont happen within our lifetimes.
This already happens in most countries
The 1% should be expropriated, their richness comes from exploitation of the 99%'s work.
The fact that A exploits B and B exploits C doesn't implicate that A exploits C, besides it's sad to realise that people despise the 1% believing it's mostly their immoral stance and not widely comprehended inteligence that got them there. Besides once we expropriate the top 1%, there's another top 1% and so on... clansfear
If you took all of the 1% money you still couldn't keep social security funded. The US currently holds about 130 trillion in unfunded liabilities. We are robbing Peter to pay Pauline and sooner or later that will catch up with us.
Currently they don't even pay an equal share, as all income after a threshold is not counted towards social security tax