APM Reports - Investigations and Documentaries from American Public Media

What We Do

Investigations and documentaries striving to raise awareness, trigger debate and prompt positive change.

More About APM Reports
Be informed: Get notified when APM Reports publishes new stories.

Recent Stories


43c278 20161011 wetterlings

Update: A Sentencing, A Demand, No Closure

The sentencing of Danny Heinrich on Nov. 21, 2016, brought to a close the 27-year investigation into the abduction and murder of Jacob Wetterling. But it didn't end the story.

B487ba 20161109 dimock pad

EPA's late changes to fracking study downplayed risk of polluted drinking water

Early versions highlighted contaminated drinking water and vulnerabilities from fracking. The final version turned out differently: Fracking had not "led to widespread, systemic impacts." Oil and gas cheered the findings.

F8524c 20161107 historically black episode 8

Black Love Stories

This episode spotlights stories of enduring love among African American couples.

Caab92 20161031 historically black episode 7

The Path to Founding an HBCU

Born into slavery, William Hooper Councill founded one of the nation's first HBCUs, Alabama A&M University.

D1a7c0 20160912 duane hart

Duane Hart

He was convicted of sexually assaulting four boys around the time Jacob was abducted.

494446 20160903 wetterling home st joseph minn

Episode 9: The Truth

When Danny Heinrich confessed in court on Sept. 6 to abducting and murdering Jacob Wetterling and assaulting Jared Scheierl 27 years ago, investigators declared that at last, the public had the truth. But despite Heinrich's excruciatingly detailed accounts, the truth remains elusive. Many questions remain unanswered.

160c6e 20161024 historically black episode 6

The Question of Black Identity

Racial identity in the U.S. is complicated because race is an invented category rooted in slavery. This episode explores the question of black identity in America through the voices of four people who, at one time or another, have had to answer the question: "What are you?"

0e8b30 20160930 brian guimond

Brian Guimond

He is convinced the Stearns County Sheriff's Office hasn't looked hard enough for his son, who disappeared 14 years ago.

4e287e 20160930 ryan larson full

Ryan Larson

He was detained in connection with the 2012 shooting of a Cold Spring police officer, but later declared not a suspect.

A3e749 20160930 in the dark episode 8

Episode 8: What's Going on Down There?

In November 2012, a police officer named Tom Decker was shot and killed in Cold Spring, Minn., after getting out of his car to check on a man who lived above a bar. The man was quickly arrested and held in the Stearns County jail. He was interrogated but then released without charges. The state crime bureau later ruled him out as a suspect. Investigators turned their focus to another man, Eric Thomes, who hanged himself before he could be charged with the crime. Nearly four years after the murder, Sheriff John Sanner has refused to close the case "because we're still hopeful that new information will come in," he said.

0b8542 20161017 historically black 5

Harlem Through James Van Der Zee's Lens

James Van Der Zee was a celebrated African American photographer who documented black New York for much of the 20th century.

40ef78 20160930 rita reker

Rita Reker

The woman Patty Wetterling didn't want to see.


in collaboration with Spotlight on Poverty and Opportunity

Privatize Social Security (like Chile has)

File under: personalfinance, taxes

0 (0 votes)

From: Adakin V., Charleston, SC

Please note that "poverty" is relative. According to "The Economist" magazine, what is called poverty in the United States is equal to the same standard of living that the "average" worker in Europe has.

Take a look at this:

http://www.etftrends.com/2009/06/7-reasons-like-chile-its-etf/

Please note item six: "Chile boasts a poverty rate of 13%, down from 39% in 1990."

So what happened in Chile over the past 20 years?

What happened was the maturity of Chile's social security paradigm, where individuals own their accounts -- they invest what would have gone to government-run Social Security into a private retirement account. And when a worker dies, the lifetime of accrued contributions and compounding interest is part of his or her estate, going to heirs and favorite charities.

Just think of the macro-economic benefits to a young family when grandparents die and leave them with enough to pay off their mortgage, or fund their kid's college, or allow them to buy that business franchise, or invest in whatever opportunity avails itself. Just think of the young couple whose grandparents die when they are in their 20s or 30s, and whose parents die when they are in their 50s or 60s. These periodic slugs of capital are outside of this couple's normal earnings. And it's these slugs of capital that blossom into real wealth creation once that family's normal everyday needs are satisfied.

The Chilean Social Security paradigm is the best solution to systemic poverty, because it allows multi-generational wealth accrual.


Comments:

APM Reports - Investigations and Documentaries from American Public Media

What We Do

Investigations and documentaries striving to raise awareness, trigger debate and prompt positive change.

More About APM Reports
Be informed: Get notified when APM Reports publishes new stories.

Recent Stories


43c278 20161011 wetterlings

Update: A Sentencing, A Demand, No Closure

The sentencing of Danny Heinrich on Nov. 21, 2016, brought to a close the 27-year investigation into the abduction and murder of Jacob Wetterling. But it didn't end the story.

B487ba 20161109 dimock pad

EPA's late changes to fracking study downplayed risk of polluted drinking water

Early versions highlighted contaminated drinking water and vulnerabilities from fracking. The final version turned out differently: Fracking had not "led to widespread, systemic impacts." Oil and gas cheered the findings.

F8524c 20161107 historically black episode 8

Black Love Stories

This episode spotlights stories of enduring love among African American couples.

Caab92 20161031 historically black episode 7

The Path to Founding an HBCU

Born into slavery, William Hooper Councill founded one of the nation's first HBCUs, Alabama A&M University.

D1a7c0 20160912 duane hart

Duane Hart

He was convicted of sexually assaulting four boys around the time Jacob was abducted.

494446 20160903 wetterling home st joseph minn

Episode 9: The Truth

When Danny Heinrich confessed in court on Sept. 6 to abducting and murdering Jacob Wetterling and assaulting Jared Scheierl 27 years ago, investigators declared that at last, the public had the truth. But despite Heinrich's excruciatingly detailed accounts, the truth remains elusive. Many questions remain unanswered.

160c6e 20161024 historically black episode 6

The Question of Black Identity

Racial identity in the U.S. is complicated because race is an invented category rooted in slavery. This episode explores the question of black identity in America through the voices of four people who, at one time or another, have had to answer the question: "What are you?"

0e8b30 20160930 brian guimond

Brian Guimond

He is convinced the Stearns County Sheriff's Office hasn't looked hard enough for his son, who disappeared 14 years ago.

4e287e 20160930 ryan larson full

Ryan Larson

He was detained in connection with the 2012 shooting of a Cold Spring police officer, but later declared not a suspect.

A3e749 20160930 in the dark episode 8

Episode 8: What's Going on Down There?

In November 2012, a police officer named Tom Decker was shot and killed in Cold Spring, Minn., after getting out of his car to check on a man who lived above a bar. The man was quickly arrested and held in the Stearns County jail. He was interrogated but then released without charges. The state crime bureau later ruled him out as a suspect. Investigators turned their focus to another man, Eric Thomes, who hanged himself before he could be charged with the crime. Nearly four years after the murder, Sheriff John Sanner has refused to close the case "because we're still hopeful that new information will come in," he said.

0b8542 20161017 historically black 5

Harlem Through James Van Der Zee's Lens

James Van Der Zee was a celebrated African American photographer who documented black New York for much of the 20th century.

40ef78 20160930 rita reker

Rita Reker

The woman Patty Wetterling didn't want to see.