Social Security as a revenue streams?

Not quite right. At this time, only the first $116,000 of income is taxed by Social Security. If you dont want to receive Social Security benefits you dont have to file for them. No, you cannot choose whether or not to pay this tax. It is mandatory for all salaried workers and self-employed people.

Raising the income limit to contribute to Social Security is not a good idea because when those people who earn over that amount retire, Social Security will have to pay out an enormous retirement or disability benefits to them and that would drain all of the monies. Thats why there is a limit to contributions.

Congress will use this revenue no matter what reforms you make in this program.

Politics is the reason for all of it. Politicians consider it a slush fund and rape the people with their theft from it.

Of course you can opt out. Just don't cash the checks.

"This fund is also what Congress borrows from, which is part of the reason it is failing" - this is incorrect. Social Security went cash flow negative about five years ago, and now requires a cash infusion from the US Treasury every year to make its payments. In other words, SSA is REDEEMING bonds, not buying them.

Many people making $116,000 are self employed so they pay both employee and employer share so around $16,000 per year into SS now let say with compound interest that $16000 doubles every 12 years so in 12 years that $16,000 is $32,000 and in 12 years that $32,000 is $64,000 and in 12 year that $64000 become $128,000 just off one years pay in

Just imagine what a person could have at the end of a 40 year work life and the top any can draw from SS is $26,000 per year

Those are very good ideas.

The program will be tweaked a little to sustain it.

I know the possibility if raising the income cap was on the table.

because many people would opt out and then would REALLY need it when they hit 65...

so, what do you do when they hit 65 and you have a bunch of old people dying in the streets?

otherwise, your idea is sound, without the opt out part...

Social Security is not really a benefit to supplement our retirement.

SS is a tax disguised as a benefit specifically so the congress can spend it.

So the congress will never remove the cap, or allow people to opt out, or make it so that Congress CANNOT raid this fund.

Plus SS buys democrat votes.

Because we all know every voter struggling to live on SS votes for democrats.

If any private company ran a retirement plan like the government runs SS they would be in jail.

So you are saying if the Democrats did not have their INCOME TAX they would not be able to design "programs" for "raking off the top"

"Also, you CANNOT opt OUT of receiving payments from the fund...even if you are a millionaire!" False. They do not automatically start sending you a check. If you do not file a claim, they don't send a check.