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On August 14, 1995, the Cato Institute launched its Project on Social Security Choice, the largest undertaking in the organization's history. yahoo people find Find people in the uk. The objective of the project is to formulate a viable blueprint allowing individuals the opportunity of owning their own retirement account. The project publishes books, studies, and articles and holds conferences. The Cato Institute's experts examine the problems facing the current system, the methods that can be used to move towards a system of personal retirement accounts, and the effects that a new system would have on workers. yahoo people find Germany people search find. The Cato Project on Social Security Choice has developed a market-based alternative to the current Social Security system. Rather than paying taxes into a government-owned fund, workers should be allowed to redirect their payroll taxes into individually owned, invested accounts, similar to 401(k) plans and Individual Retirement Accounts. The benefits of adopting a private retirement system based on savings, investment, and personal ownership include: A substantial increase in retiree incomes as a result of higher returns on payroll taxes. yahoo people find Phone number words. The potential to eliminate poverty among retirees. Worker empowerment. Personal control. Greater retirement security. Provides a death benefit to loved ones in the event of premature death. Gives workers the ability to pass down wealth directly to their children.

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