This capital resource will underwrite much of the old Social Security obligations. America will witness an unparalleled injection of capital into our economy stimulating real growth. Moreover, a true American savings revolution will occur. Every citizen will have a stake in the economy. So to, at last, will the body politic.
All alternative proposals offered to date keep government in the business of American retirement.
All without exception propose greater levels of taxation and smaller benefits at a more advanced age. No matter how we tinker with Social Security, it will remain a flawed program which has seen its days. It is now time to protect citizens' rights to the property of their own earnings. By doing so, we will prepare for the baby boom generation as well as provide for all the coming generations, by scrapping the government run retirement plan called Social Security and investing in our personal future by privatizing a new and revolutionary retirement system.