Personally, I think we need to radically change the social security system.  If it aint broke don't fix it.  Well, it is going broke so it needs to be fixed.

Thing is that social security isn't enough to live on.  Since as you get older so do your medical bills.  Also even if one contributes to their 401k it's not enough. Workers ought to be paid out of money that is saved up while they are working.  Not being paid out of from future workers.  Therefore, American's need to save more, and spend less.   

However, this money shouldn't be kept in Uncle Sam's piggybank.  The politicians have raided it before.  Therefore how do we know it won't happen again?  Personally, I think it would be better if a person could choose which institution held their retirement money.  Also why can't I take my stock from one 401k, to another investment vehicle. Why does one have to sell it?  I ought to be able to transfer that stock between plans such as a 401k or roth without selling it.

Another thing is that, most people don't have the financial literacy to select there own stocks.  Most people were better off with a pension then a 410k.  Most people don't want to spend the time researching stocks.  Personally, I feel that most people would be better off with mutual funds then with individual funds.  However, I feel the minority ought to be able to select what is invested in there accounts.

Now you may be saying, well, Earthpaladin what about all this financial corruption on wal-street?  Well, that's exactly why we need to enforce the regulation that is already there.  For example, Berney Madoff, now I can't believe one man ripped off that many people by himself.  Obviousily he is protecting people perhaps some relatives.  Also what about these feeder funds?  One of the reasons that these people are paid so much money to begin with is that the liability of holding these positions.

The age for getting social security may also need to be increased.  Younger workers may have to work longer to get it.  Now I don't think people who are getting ready to retire, how ever people who still have time to save money ought to be doing so.

What I think they should double the social security tax immediately.  Then the increase would go to people's own accounts.  As time passes more and more of it would go into people's own accounts.  

Another thing is that illegal immigrants pay sales taxes, but they don't pay income or social security taxes.  However they get social security benifits.  If people come here illegally they ought to pay a penalty on deliquent taxes.  They have been taking taxes out of my paychecks.  I think that companies that hire them ought to pay a huge fine for doing so.   

 

 

Companies ought to be responsible for collecting taxes online and out of state. As many states grapple with state deficits one way to solve this problem is getting more revenue. How would one get more revenue for their state? By making the companies that do business online collect the taxes.

This would also make things more efficient. As the IRS and the State departments of Revenue wouldn't have to chase down all the people who don't pay their taxes on out of state purchases. I pay the taxes on them, but I know alot of people don't. So not only would the state raise more money, they would save money as well.

They would kill two birds with one stone so to speak. Also then most people wouldnt' have to deal with it in the first place. Also, I mean if you do business online or out of state your usually a bigger company. Bigger companies could more afford to do this sort of thing.

Then it would also give an advantage to local businesses since they wouldn't have to pay for shipping as well. As of right now, how many people REALLY pay the sales taxes on out of state goods? I mean really, I do but I would guess there is quite a few that don't.

"And I say to you, make friends for yourselves by means of the mammon of
unrighteousness; taht when it fails, they may receive, they may receive you into
the eternal dwellings. "He who is faithful in a very little thing is
faithful also in much; and he who is unrighteous in a very little thing is
unrigheous also in much. "If therefore you have not been faithful in the
use of unrighteous mammon, who will entrust the true riches to you? "And
if you have not been faithful in the use of that which is another's who will
give you that which is your own?
"No servant can serve two masters; for either he will hate the one, and
love the other, or else he will hate the one, and love the other, or else he
will hold to one, and despise the other. You cannot serve God and
mammon." Luke 16: 9-13

Some people think that Christians shouldn't care about money. That Christ came to "Free us of money". They couldn't be more wrong.

Right here Jesus openly talks about money. We are to be like Christ. So let us talk openly about money!

However, it should not be our master! Notice how Jesus says "And I say to you, make friends for yourselves of the mammon of unrighteousess; that when it fails they may receive you into eternal dwellings." Now we come to one of my thoughts is that we not only need to evanglise we need to be providing for people's needs.

Obama wins, it's time for the republician party to go back to it's roots. Obama promised to look through the budget line by line to look for area's he could cut. He's also running as a prolife candidate. Traditionally this has been a republician charistic.

The republican party needs to go back to it's roots, of budget cutting, fiscally responsible, and tax break giving party. Now I'm for tax breaks, but these tax rebates aren't the same thing. We need the right kind of tax breaks, not "let's throw some money around."

It's no big surprise Obama wins. It shows anyone can be president. I hope he's a good president. In fact, I hope he's a great president. But only time will tell.

So a Wisconsin Senator came to Herzing, and I was there so I might as well listen. Basically I learned a few things:

1. The average income in Madison is twice that of the rest of Wisconsin
2. The teacher unions are trying to stop virtual schools.
3. She wants to do what Ireland did, and cut taxes, and fund education. (I don't think it's a bad think if done the right way.)
   

I was watching fox business news, and I heard Nancy Pelosi sent a letter to the white house saying she wanted to get a fiscal stimulus package through. Personally, I think the best thing the government can do is to get it's own house in order. I was watching Dave Ramsey, and he said he once applied for a grant. By the time he got it, he could have made more money going out and doing something else.

Personally, one problem I think with the situation is some of the people who run for president, don't have fiscally responsible campaigns. I really like some of the ideas, like reducing the amount of government jobs that are replaced when people retire. But if they can't manage their campaign well, how are they going to do as president?