Uncle Sam cannot look out for the welfare of your family like you can and will. Government taxation of our children's future does not guarantee anything for them except dependency upon the federal government. With control over our own personal retirement accounts, we can provide for our grandchildren's educational needs. By leaving a large inheritance to our family heirs, we can ensure they have clear avenues to higher education, entrepreneurship, and home and business ownership. Many families have no means of saving for retirement other than Social Security.
Payroll taxes deducted from their paychecks are their only means of retirement income.
Under the current government-controlled Social Security system, the one thing our grandchildren can be assured of is a continuation of government dependency. Copyright 2001 Coalition on Urban Renewal and Education. Contributions to CURE are tax-deductible for federal income tax purposes. Reprints of articles contained within this web site permitted provided that CURE or its affiliates are credited as the source.