ARPNOW.ORG

ARPNOW.ORG

Kack Kemp, Dick Armey, and the unfortunately named Dorcas Hardy have set up an organization based on promoting Social Security privitization.

Jack Kemp: The FICA slush fund

I, along with former House Majority Leader Dick Armey and former Social Security Commissioner Dorcas Hardy, have created the Alliance for Retirement Prosperity (www.arpnow.org). We want to make it possible for today's workers to move half of their payroll taxes into personal accounts that would be there for their retirement. For a single worker earning $30,000 a year and a two-earner married couple earning $30,000 and $40,000 that would mean annual savings of $2,000 and $4,500, respectively.

Most importantly, large personal retirement accounts would be a real source of prosperity and ownership and bring to fruition our vision of democratizing the American dream - making every American worker a shareholder and investor in our capitalistic system.