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(Photos: Franklin D. Roosevelt Presidential Library)

The First Family of Radio

When Franklin D. Roosevelt was elected president in 1932, he and first lady Eleanor Roosevelt both used the new medium of radio to reach into American homes like never before. They rallied the nation to combat the Great Depression and fight fascism. The Roosevelts forged an uncommonly personal relationship with the people. This documentary explores how FDR and ER's use of radio revolutionized the way Americans relate to the White House and its occupants.

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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.


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American RadioWorks |
(Photos: Franklin D. Roosevelt Presidential Library)

The First Family of Radio

When Franklin D. Roosevelt was elected president in 1932, he and first lady Eleanor Roosevelt both used the new medium of radio to reach into American homes like never before. They rallied the nation to combat the Great Depression and fight fascism. The Roosevelts forged an uncommonly personal relationship with the people. This documentary explores how FDR and ER's use of radio revolutionized the way Americans relate to the White House and its occupants.

Recent Posts

  • 11.17.14

    The Utility of a PhD

    Humanities professors at colleges and universities are re-thinking what it means to offer a PhD. The old model is proving unsustainable. It takes an average nine years to get a doctorate, but less than 60 percent of PhDs are finding tenure-track teaching jobs. This week, we look at a new report recommending academics view doctoral programs in a new light.
  • 11.10.14

    Radio: FDR’s ‘Natural Gift’

    President Franklin D. Roosevelt was a radio natural. He spoke in a confident, informal way, using simple words and phrases that were easy to grasp.
  • 11.12.14

    The Roosevelts as a political team

    Eleanor and Franklin Roosevelt were not the first White House couple to act as political partners, but they were the first to do so in such a public fashion.
  • 11.10.14

    Radio: The Internet of the 1930s

    Some predicted radio would be a powerful force for democratizing information and spreading knowledge to a vast population previously separated by geography or income. But the new technology also raised anxieties.