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I'd say have half of the payments made go to paying off today's recipients, and the other half go into personal accounts for the people paying into the system now, with the balance payable when they retire.
The way it's set up now, it's a giant pyramid scheme sanctioned by the government. It can only keep working as long as there are more and more people paying into it over time.
If I got half out of what I put into SS, I'd be a happy camper. As it is now, money that should be going to my retirement is going to other people's retirement, there's virtually no chance that there will be any left for me when I retire, and that sucks.
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