There are three points driving the "debate" about Social Security in Washington D.C.
1. Billionaires do not rely on Social Security.
2. The portion of Social Security payroll taxes paid by employers reduces corporate profits.
3. Currently Wall Street makes no money off of Social Security. If Social Security were privatized, Wall Street would make tens of billions of dollars per year.
While I may not like it, these points are behind a lot of what we hear from politicians and in the media.