Would privatizing Social Security undermine the Religious Right?

In today's TIA Daily, Ed Thompson writes, in a letter on 'progressive indexing':

It's not that the left doesn't want Social Security cuts for the poor; it's that they want them to *be* poor.

Altruism, the idea that individuals do not have the right to live solely for their own sake, presupposes poverty--real or imagined. Without poverty, the altruists are out of business.

The relationship between altruism and the Left has been clear to me for some time. The idea of privatizing Social Security is something that is being put forward by the Right. However, if alleviating poverty would undercut the altruist justification for religious morality, then I can understand why support for privatizing Social Security has been so tepid on the Right.

Indeed, the Religious Right has been more than just tepid. It has shown a willingness to be openly antagonistic over the issue: they have already attempted to hold Social Security hostage to force the President to give more support to a constitutional ban on Gay marriage.

Perhaps they do understand that the more prosperity there is, the less attractive their morality looks.

Once again, this confirms for me the hypocrisy of the Religious Right, who pay lip service to free market economics while preaching altruism. All their talk of free markets is merely a cover for their true goal, which is religious dictatorship.