I can't wait to start getting my social security checks 30 years from now.

You'll get them, but you'll have to be 91 to start collecting, and they will be worth less than it took to print them, because some "people" think that giving more tax breaks to those that need it the least is a better use of the money you've been forced to pay into the system.

of course without either of these every Americans incomes, wealth, etc would shift to the left by 1 if not 10 decimal places.

The size and complexity of both of those has increased since the 50s, a time when "every American"¹ was far better off financially with their takehome.

So, I'm not sure I follow your assumption.

¹with obvious regards to those of color