The Bottom Line

Social Security is not sustainable without reform. Simply put, it cannot pay promised future benefits with current levels of taxation. Yet raising taxes or cutting benefits will only make a bad deal worse. However, allowing younger workers to privately invest their Social Security taxes through individual accounts will improve Social Security’s rate of return; provide better retirement benefits; treat women, minorities, and low-income workers more fairly; and give workers real ownership and control of their retirement funds.

Cato Studies

Of Special Note

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Win a Free Nook

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Cato University 2013

Cato University 2013 * July 28 - August 2

Cato University is Cato’s premier educational event of the year. This annual program brings together outstanding faculty and participants from around the country and globe – for sharing experiences and perspectives in a one-of-a-kind, brain-energizing environment. Above, Senator Rand Paul – who will be giving a presentation at this year’s program – speaks at last year’s Cato University. This year’s program will be held at the Cato Institute, in the heart of Washington, D.C – the perfect setting for examining the roots of our commitment to liberty and limited government and for exploring the ideas and values on which the American republic was founded.
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