The right of working individuals to retain their full earnings, and to dispose of their income as they choose, must be unequivocally protected by the government of a free society.

In practical terms, individuals know, far better than does the government, what is best for them and for the disposal of their wealth. Indeed, most hard-working Americans are vastly more fiscally responsible than the government. The right of private individuals to choose between spending and saving, between higher living standards during working years and/or increased resources for retirement, must be upheld by law.

To this end, we support a full phasing out of the Social Security system. Since we recognize that many people have become dependent on this system and have factored those monies into their retirement plans, we propose a slow phase out over a ten-year time period, fully compensating monies already collected from current recipients, and immediately discontinuing any further withholding of workers’ wages, with a result that individual retirement accounts will become fully voluntary and private.

The recent research from the Center for Social Demographic Research on Aging from the University of Massachusetts Boston shows that fifty percent of elderly singles, and twenty-three percent of elderly couples, with social security are struggling to afford basic necessities. Additionally, a Nationwide Retirement Institute 2023 Social Security survey found twenty percent of working age Americans having no retirement savings plan beyond social security.

We believe these problems to be the direct result of welfare statism which produces a pathological welfare state mentality, whereby one gives up one’s moral agency and allows one’s personal future to be hijacked by the state. We believe that by alleviating current coercive taxation where social security and other welfare programs are concerned, more Americans will not only have the ability to make investments of their choosing but will also be incentivized to plan for their retirement.