How YOU can save Social Security
Question: It took Mel Gibson, what? …4 DAYS to raise $200 million mostly from average people, maybe $8 at a time?
Hardly a meaningful comparison, besides the rich insist on a better ROI than movie going schlubs do.
It’s a very meaningful comparison …
It reveals quite strongly that the “average people”, collectively, have sufficient buying power to overwhelm the relatively small number of monied elites.
What people need to do a better job of is getting the word out.
Essentially, for starters, there should be a cultural “gripe tax” — anyone who you hear at work or at the barbershop and other other such place griping about health care, jobs being shipped to India, etc, etc, should be subject to the “gripe tax” — basically they either need to write a check to the Kerry campaign for $8 or they need to shut up. I can get you the web site, the forms, and the snailmail addresses if you are interested.
Answer: How would you handle bankruptcies if you were emperor?
Bad debts are a cost of doing business for most companies, especially financial services. In commercial lending companies managers whose bad debt ratio is way under the norm is usually being too restrictive granting credit and will become more profitable if he grants more CR & incurs slightly more bad debts. I’m guessing that the percentage is relatively small, e.g., 2-3%; but that certainly varies based on the nature of the business. Bad debts are no different from any other item considered a cost of doing business, e.g., payroll, depreciation, raw materials, etc. Which would you permit to be allowed as business expenses and which would you exclude? That ain’t nearly enough… Politicos of both parties have been sweeping the issue under the rug for as long as i can remember.
There is no doubt that the form of social security/retirement savings has to change to one that guarantees every WORKING American a livable retirement. Not much can be done for those now retired or about to be retired, but steps can be taken for those fifty and younger to include portable savings that are vested immediately and follow you for life.
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