What About the People Who Couldn't Care Less if Banks Collapsed?
Half the country has $500. The troubled school teacher, the soccer mom and the elderly with no savings. There are a lot of other things going on. As I travel, I feel nothing but compassion.
6 in 10. As I travel with all my plans that I know would help these people, I am constantly reminded that so many people have become so disaffected. Actually, beyond disaffected.
In the 2008 collapse, I witnessed the Federal Government spew out all kinds of short-term solutions to help large corporations. But there were no long-term solutions, specially designed so that working class people would have something, when the next crisis hit. Which is now.
For example, the ability to take money out of 401K or IRA still exists. Wouldn’t it have been better to make sure that there are incentives for people to save, say $2000, per year, with no possibility of withdrawals? So, say 15 years later, every middle-class person had at least $30,000 in savings?
I suggested it then…to no avail. Wouldn’t it be better now?
The destruction of the middle class continues unabated.
My mission is to reverse this trend. It is hard, really hard to reach the disaffected.
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