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Originally created to help the unfortunate during the Great Depression, it turned into a multi-billion dollar ponzi scheme that will never be voluntarily abolished due to the lobbying power of the AARP and the fact that old people vote more. Social security takes a little over 20% of total expenditures, and the privileged gerontocrats that lived long enough to receive it get three times the amount they paid in the first year of receiving benefits. Most Gen Xers and Millennials will never see a penny of the FICA money they paid in because economists estimate the money from social security will run out by 2030.
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