The problem is that Social Security was supposed to be like a government run retirement plan in that you are forced to pay into it, but then you get paid back in retirement. if you don't put in, you don't get anything and how much you get is loosely based on what you put in. So Boomers (or any generation) should, if the program were run correctly, be getting back what they put in plus a reasonable return. It's a little more complicated of course, SSN is really more like a combination of an insurance plan and retirement plan than strictly a retirement plan, but the point is you put into social security expecting to get that money back when you need it. You're not putting money in to fund the previous generation, your putting money in to fund yourself. Government fucked up management of Social Security and they are going to have to figure out how to resolve the issue. You can't really abandon people who paid a not insignificant amount into social security planning for that money when they retire (12.4% of your income for your entire working life if you take into account employer contributions).

One easy fix that would probably work (at least for a while) is to remove caps on social security taxes. Currently, only income up to 176,100 is subject to social security taxes. Or better yet, just cut some of the trillions of dollars of unnecessary spending.

I'm all for phasing out social security or completely reworking the program. But you still have to find a way to grandfather in those that paid their whole lives into social security planning on that money to be there when the retire.