Friday, August 20, 2021

Retirement plans

The ultimate equity plan that will spread the wealth around. Recall that equity means equal results. There is enough money in retirement plans in the US to pay off the national debt. This would be a patriotic thing to do and the rich who have the largest amounts in these plans would finally pay their fair share. 450,000 Americans have more than one million dollars in their plans and poor people have little to nothing in their plans. Once the national debt is retired the interest which is $400 billion per year could be used to pay for infrastructure. No polls have been taken on this idea but it would be very popular among many Americans especially those 35% who have zero in their retirement plan. Add to that those who have little in savings and this will do much to equalize the wealth. Survey: 69% of Americans Have Less Than $1,000 in Savings. This idea will go over like a lead balloon.

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