Personal accounts offer two fundamental advantages for smallbusiness: actions that the government would not have to take(unnecessarily raising taxes or cutting Social Security benefits)and results that the private sector would generate (enhancedentrepreneurship, strengthened capital markets, and improvedretirement incomes). Empowering entrepreneurs in this way wouldbenefit the entire nation as additional jobs were created andeconomic growth was sustained.
A system that took full accountof how taxes are shifted would make it easier to explain and adopta tax system that maximized the efficiency of the economy andenabled every individual to maximize lifetime productivity andincome.