Boomer,
The system should and could be changed. Not ideal but the best time to start is now. (As the Irishman asked for directions said; "I wouldn't be starting from here.")
All those on the existing system can stay there with no more tinkering.
All new accounts to be "new super". No tax on the way in or on earnings, fully taxed on the way out. Up until age 65 can draw down in times of unemployment up to $1000/week. Rock solid contractual property right of no tinkering (property rights are constitutionally protected).
