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Novel idea but it would never be considered.
Social Security has been a windfall for the government in terms of extra cash they can spend.
Anyway, I throw my support behind reform/privatization.
In my lifetime, it will become such that my wife and I will be responsible for supporting one person on SS. However, when it comes time for my payments, they will probably be severly reduced, relative to today's benefit payments.
So, I will be burdened heavily and get a fraction of my monetary input in return--not a very good idea in my mind.
Let me opt out and then take ownership of my own money--I work hard for it and am not too keen on losing it.
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