Politicians in Washington are stealing your future.
Every year, they take 12.4% of your income to prop up their failed Social
Security system - a system that is heading toward bankruptcy.
If you are an American earning the median income of $31,695 per year, and
were given the option of investing that same amount of money in a stock
mutual fund, you would retire a millionaire - without winning the lottery
or a TV game show.
That million dollars would provide you with a retirement income of over
$100,000 per year - about five times what you could expect from Social
Security.
Even a very conservative investment strategy would yield three times the
benefits promised by Social Security.
Libertarians believe you should be able to opt out of Social Security and
invest your money in your own personal retirement account. An account that
you own and control - one that politicians can't get their hands on.
Republicans and Democrats say it can't be done - that your Social Security
taxes are needed to pay benefits to today's retirees. Instead of letting
you invest in your own future, they want you to have faith that someone
else will pay your benefits when it comes time for you to retire.
Although most won't admit it publicly, their "solutions" to the Social
Security crises all come down to some combination of tax increases and
benefit cuts.
Libertarians know that there's a better way.
Countries like Chile, Mexico, Britain, and Australia have successfully made
the transition from their failed Social Security systems to healthy systems
based on individual retirement accounts. In Chile, over 90% of workers have
opted out of the government-run system. It's time America did as well.
The federal government owns assets worth trillions of dollars - assets that
it simply doesn't need to perform its Constitutional functions. By selling
those assets over time, we can keep the promises that were made to today's
retirees, and to those nearing retirement, while freeing the rest of
America from a failed Social Security system.
Libertarians will introduce and support legislation to give you that
choice, and put you in control of your own retirement future.
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Issues and Positions