Assertion: That we should all save some portion of our earnings for future needs is a fundamental tenet of financial freedom, and all U.S. citizens should have a mechanism through which they are able to do so. The funds supplied to Social Security via a tax on working Americans and their employers have been pillaged by Congress, redirected to other entitlement programs to the point where the Social Security program itself is in danger of collapse.
Why This Is Important: If we ignore the gathering storm we do so at our own risk. We must make plans, now, to begin to prepare for our own individual retirements, and transitioning a small part of what is currently being taken by the Government to individual retirement plans is vital to the financial independence of every American. We mustn’t let scare tactics and fear-mongering paralyze us from implementing common-sense solutions to our own financial security.
Constitutional Basis: There is no constitutional basis for Social Security; the Social Security Act itself is unconstitutional.
Quote: “He who fails to plan is planning to fail.” – Winston Churchill
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