Keep or Abolish?
All senior citizens use social security in some way. They are able to fall back on this when they retire. In today's society most people do not know how to budget well. The people who make more money should pay more so it is not just middle class paying more. Everyone should have to pay equal taxes and equal amounts of social security taken out.
If everyone has the equal benefits as someone that is more wealthy than no one will have to pay more than the other. If someone is disabled before the age of 22 they are legible to get social security even if they do not pay. This is able to help take of the elderly after they retire.
Americans aren't saving enough. Social security is the only government sponsored inflation adjusted retirement payment for life. Social security is incredibly efficient low cost well run.