Now that not nearly as much of your wages have been garnished, you would have had all that money during your working years to invest for your retirement. You could even use a private ss-like setup if you like. Besides having more options, more people would pursue having a family for this reason, so the situation would be rarer. Beyond that, you’d have a much stronger charity network.

“Remove the social nets”? Your family is the social net. Oh it would be much better than what we have now. Not only would you get to keep much more of your money, you’d get to use it to support your family yourself — or even use it to plan for your own retirement, your way. It would, of necessity, bring families closer together and encourage forward thinking. By default the family is the social net: this experiment we are in of shifting that to the massive, bureaucratic state is immoral, and on top of that — not going well.