Personal savings account would invigorate the nations's economy

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Author: Bruce Bartlett
Date: January-February 1997
From: The American Enterprise(Vol. 8, Issue 1)
Publisher: The American Enterprise Institute
Document Type: Article
Length: 2,351 words

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Abstract :

Private retirement savings accounts will have positive effects on living standards and economic growth of the US. The contributions and disbursements in a private pension system are directly related. The number of retirees in the plan fails to have an influence on the benefits from a private pension fund. Private savings accounts will increase investments and save workers from the huge taxes they pay under the social security scheme. The benefits of privatization are evident in the privatized Social Security project implemented in three Texas counties.

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Gale Document Number: GALE|A19085868