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

  • 12.16.14

    Rising prices on the poorest

    In January 2014 nearly a hundred college presidents gathered at the White House for a summit on the rising cost of college. But data show that those same institutions have been raising their prices fastest for the poorest students than for wealthier ones. This week on the podcast, we talk to a reporter who has been following the rising college cost burden on poor families.
  • 12.08.14

    How Much Will College Cost My Family?

    In 2011 the federal government required colleges and universities to publish “net price calculators” on their web sites. These tools are supposed to help families figure out which colleges they can afford. The calculators take into account family income, number of kids in college, state of residency, and other factors. But they’re often hard to use and time-consuming. Our guest this week has made this process simpler and more accessible.
  • 12.01.14

    Bridging the “Middle Skills” Gap

    There’s a paradox in today’s job market: even though there are millions of people looking for work, employers say they can’t find enough qualified workers. That’s due to an abundance of what economists call “middle skills” jobs – jobs that require specialized training beyond high school, but not a four-year college degree.
  • 12.01.14

    Commentary: Turning the tables on the vocational ed debate

    I’m not arguing that all education should be about acquiring job skills ... I’m saying that good vocational high schools have figured out how to bring college prep into their curriculum. And it’s time that traditional academic high schools brought more vocational education into theirs.


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

  • 12.16.14

    Rising prices on the poorest

    In January 2014 nearly a hundred college presidents gathered at the White House for a summit on the rising cost of college. But data show that those same institutions have been raising their prices fastest for the poorest students than for wealthier ones. This week on the podcast, we talk to a reporter who has been following the rising college cost burden on poor families.
  • 12.08.14

    How Much Will College Cost My Family?

    In 2011 the federal government required colleges and universities to publish “net price calculators” on their web sites. These tools are supposed to help families figure out which colleges they can afford. The calculators take into account family income, number of kids in college, state of residency, and other factors. But they’re often hard to use and time-consuming. Our guest this week has made this process simpler and more accessible.
  • 12.01.14

    Bridging the “Middle Skills” Gap

    There’s a paradox in today’s job market: even though there are millions of people looking for work, employers say they can’t find enough qualified workers. That’s due to an abundance of what economists call “middle skills” jobs – jobs that require specialized training beyond high school, but not a four-year college degree.
  • 12.01.14

    Commentary: Turning the tables on the vocational ed debate

    I’m not arguing that all education should be about acquiring job skills ... I’m saying that good vocational high schools have figured out how to bring college prep into their curriculum. And it’s time that traditional academic high schools brought more vocational education into theirs.