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Key tenets of the Libertarian Party platform include the following:<ref name="platform2006">[http://www.lp.org/issues/platform_all.shtml National Platform of the Libertarian Party], Official Website of the Libertarian National Committee. Retrieved on July 25, 2006</ref> | Key tenets of the Libertarian Party platform include the following:<ref name="platform2006">[http://www.lp.org/issues/platform_all.shtml National Platform of the Libertarian Party], Official Website of the Libertarian National Committee. Retrieved on July 25, 2006</ref> | ||
*Adoption of laissez-faire principles which would reduce the state's role in economic government. This would include, among other things, markedly reduced taxation, privatization of | *Adoption of laissez-faire principles which would reduce the state's role in economic government. This would include, among other things, markedly reduced taxation, privatization of [[Social Security]] and [[Welfare]] (for individuals, as well as elimination of "[[Corporate Welfare|corporate welfare]]"), markedly reduced regulation of business, rollbacks of labor regulations, and reduction of government interference in [[Free Trade|foreign trade]]. | ||
*Protection of [[Property Rights|property rights]]. | *Protection of [[Property Rights|property rights]]. | ||
*Minimal government bureaucracy. The Libertarian Party states that the government's responsibilities should be limited to the protection of individual rights from the initiation of force and fraud. | *Minimal government bureaucracy. The Libertarian Party states that the government's responsibilities should be limited to the protection of individual rights from the initiation of force and fraud. |