Insofar as "social security", as implemented, confiscates from me money I need now (and will use to improve my life later) and completely fails to invest it in

Insofar as "social security", as implemented, confiscates from me money I need now (and will use to improve my life later) and completely fails to invest it in any meaningful manner other than write IOUs and pay someone else in the Ponzi scheme, yes. BI still takes money I need now (and will use to improve my life later) and gives it to people who don't need it ($0 net change after theirs was confiscated too) or have disturbingly high odds of squandering it. I'm all for helping the few who actually need it, which I could do better if that money weren't taken from me in the first place.