 Not so, not so, regards presumption, carrierpigeon - success must be measured one investment at a time. Try this explanation. I was a benefit consultant at Hewitt Associates. I wrote Retirement Planning software. We sold it with marketing, branding, perception management to the best companies in America. They hired the brightest talent in America. Retirement Planning is a deceptively difficult task. Even these people so armed (i.e., so armored) f..cked it up. Now tepid America is too used to the fetid critique of a community organizer president to honor the inherent challenge of its business task. Who has this POTUS ever made money for? Instead, fiction writer by trade, the bum shouldn't even have been allowed to sit at the grownups table without first authoring a peer reviewed paper analyzing, decrying, and addressing the failed policies of his Finance Minister father. Then maybe he could have talked instead of spewed. Instead, we got cool aid. Now addressing your question. To begin if 'the poor will always be poor', why spend at all in the manner proposed Chilean. It's not enough to print pretty pamphlets and support informed choices. We were paid to do that at Hewitt by the pro teams. Can the general populace even read? Are you going to ensure internet access to less fortunate workers? Then everyone could buy gold. Why not just cut to the chase? America impaled on a carrot. Because the adage birds of a feather calls full healthcare coverage at medicare levels for all same as it does free choice by all Americans regards personal management of social security funds. Different stripes, same bad business. The former as argued because of cost absurdity, the latter because blown social security funds don't serve chartered task. I for one am not going to support calls for further government effort, which like Obama's healthcare will address simplistically and worse in grand false generosity, a complicated problem to utter and complete failure, where having so arrived must announce its now gutted former resource, which was current social security, as some failed lesson in human ineptness. I'm also not going to support the subsidizing of fools to frontend wager away from the backend intent that was social security in the first place. Simply put the problem of managing social security funds is less complex than the otherwise problem of educating the populace to do it themselves. Yet today's stinging fiscality doesn't go away. If social security funds can't be managed, then social security itself has to reworked, restructured, and fundamentally so (you would probably say rejected), not simply proffered in the name of choice to those ill equipped for success here. Recall Gen. Patton did not like to pay for the same real estate twice. Yet find the future after over leveraged 9 9 9. Here bitch and moan the losers of self managed funds will arrive when the inevitable surely occurs. And their advocates will then call for their humane care. And elections will be fought over the matter. And Gordean will add another traversal to the knot whether the original system be extant or transformed new fangled. This fell reality informs the essential business argument; it thereby affects the field in which American commerce takes place. It caps the money that can be made there. Such is the truth and consequence of US fiscal policy come home to roost in its own domestic entitlements. Also true is that other methods, trades, and barters can be found to better address the problems with social security. Sure there will always be poor. Some can't even afford corpse removal. Yet, the absence of safety net returns a different stench, eh. It's rotten bananas. You want to broaden the tax base, find a way to lever toward civic ROI both those who work and those who don't. Also, the first Spend & Spend president has overdrawn refuge in timeless Tax & Spend mantra. Next call thus (and in echo of other 24hGold articles) is then to (what's right) fantastically deep spending cuts in the face of managed downsize now or (what's left) same later when the survivors from the over the cliff you go precipice drop finally and agonizingly move to pick up the pieces. Then as today, prudence demands only (but deeply), if wishes can't be achieved, can position be improved?  Commented 4578 days ago |
