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. African American families, in particular, are at enormous risk by entrusting their retirement income to the government. Investors Business Daily reported in 1998, African Americans start working at a younger age and have shorter life expectancies than most other Americans. The average African American male currently has a life expectancy of 64.8 years according to a 1996 report by the National Center for Health Statistics. It stands to reason that many African Americans will spend their entire lives making forced contributions into Social Security without drawing out a single dime in retirement benefits or accumulating anything to pass on to their heirs.