Win 1 share of @steembasicincome. Contest #21
Giving away 1 share of @steembasicincome.
Rules.
- Comment with your answer to the question.
Question: What are your thoughts on this article?
https://www.politico.com/agenda/story/2018/06/07/myra-save-for-retirement-obama-program-000662
I will inform the winner in 7 days. I will pick some good comments to award 1 share of @steembasicincome.
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Well, I think it's a truely sad article. So many people not prepared for their retirement, who is going to take care of them when they are old, and unable to provide for themselves?
President Obama had a vision, and it's sad to see that his vision didn't succeed, and I truely hope that a new president will follow up on that vision in time..
I live in a country where around 80% of all jobs come with a retirement plan, it's a mandatory part of your salary. The government has, in addition to that created a retirement fund for all people, saving a few % of your salary, blocking them so you only can get them when you retire.. Even though these retirement plans are very good, it isn't even enough, and people are urged to set money aside for their retirement... But it gets you most of the way.
Thanks for bringing up such an important issue, think it's nice for people to have to take a stand!
Some people have the mistaken idea that programs like this mean the government cares about you. BS haha oh man, did you fall off the turnip truck last night? They don't give a damn about you. If they did, they would not tax you to death through direct taxes and indirect taxes like inflation, licensing and regulations.
What does Mr. Obama had to gain from this ? Let's look at the facts:
Why a retirement plan? Yes, there is a big problem in the USA on this matter, but many Americans struggle to get a job, to have a salary and in many neighborhoods this is no easy task. People go to committing crimes
just because they can not get a job, or due to various reasons or policies they will not be hired. So how can such people save a buck in the first place? And no, the percentage of this people is not negligible at all.
So are there better ways to help the Americans in the now to be able to save a buck later? Yes there are. If so, why isn't he focusing on that and blindside everyone with results ?
USA is built on debt and war . Why would Government want that it's citizens to save some money instead of recklessly spending them on things they don't need or on false nationalistic dreams? Well, either they Don't actually want that, so therefore it's just a game of switching the people's attention from something else; or it is a plan meant to fail - but why to fail? Well pouring some money in for a program and then slowly cutting it out it's a way of laundering money. Simple as that .
Also, at the moment of the speech it was a time when mr. Obama needed a boost of popularity as to increase influence into leveraging or lobby-ing for something else more important (usually personal matters) .
Either how, governments (and especially the american One), at are mostly and mainly looking out for their own profits in terms of policies and laws making, that's how they keep themselves in power after all.
Thank you .
Its too bad policies are made just to help the party in power.
Thanks for your post. It was thoughtful. It’s got me thinking what we can do to help people now! Steemit is one of those ways.
Indeed, USA policies and economies are not for the common person made, but for the rich ones. And the way they promote democracy abroad is like they're promoting cancer growing medication. I dont know what we can do about all of it..
Hence it was largely suggested and supported by the financial services industry, then it makes sense that it was a profitable move to suggest it in the first place. In the USA, nothing is given without a return to be expected, and especially not by financial services. The way i see it, there is a game of influence being played behind the curtains and the result that this initiative has failed, is a direct indication of who is dominating or who has won the game from behind the curtains.
This move of Obama to support this initiative can be looked upon as a way to create momentum for a future project or law - either to create some precedent or to use this as a base for something more to come. The opposition saw it coming and realized that it may affect their status quo in the long-run, and thus they cut it short to preserve themselves in the chair of power until they're rotten, and happily ever after..
The thing is, nothing good is being germinated in the USA; it's all a but a game of power, ego and money. If it appears that something good is meant to happen for it's people, then you should think twice; cause when something's too good to be true, then it probably isn't.
Most people seem to struggle with putting themselves into their own shoes decades in the future. It's great to say you'll suffer the consequences of your current choices - if you don't invest. But most people thing manana.
The issue is that all of society pays the price if people don't plan their retirement properly. So it is to an extent the government's business - to look after your effect on everyone else not on yourself.
In Australia and other countries retirement funds are mandatory and automatically taken out of your wages - for better or for worse.
Thank you @dkid14 for the kind vote on this comment and also the one on favourite steemian.
You got it. Thanks for the input!
People are financially illiterate. It’s sad to talk to kids and parents about their financial future because many people are struggling to just get by. I can honestly say I did not hear about the MY-RA program and don’t know anything about it other than information provided in the article. I think a program such as this could help those who have had trouble figuring out their future financial needs. I am a little skeptical because I’m a firm believer in managing your own money, but I understand many don’t have the ability or drive to do so.
It all comes down to public trust in the system, willingness of adoption and life circumstances.
Seems many Americans don't trust the government initiated program wirh their money even thought it was routed through the private sector.
Older people are very adverse to change. Younger people may be open to a new pattern, but let's face it, anything that means less money in your hands wont be happily accepted.
Obama should have made it a mandatory tile instead of optional. It's a tough call, will sound harsh, but it's for their own good.
The condition of life dictates our monetary decisions. You can't be neck deep in bills and talking about saving. This is probably the reason for the low turnout. The federal government should start this at your young age. Perhaps you get enrolled at your first real job? That way you get used to it on easier terms and actually benefit a lot over the years.
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STOPTo support your work, I also upvoted your post!