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"-- How does the fact that their are people incapable of looking after their own, simple, 101-level affairs mean that the rest of us, be we the majority or a minority, should sacrifice our lives to these people at the point of a gun? By what right do the unable have such claims on the property of others?
-- I don't see why you assume one needs to do much to get good, safe, financial advice. that 6% is relatively simple to achieve. Most cautious retirement plans, the tool most Americans use and more and more people in general end up with enough to retire, yield that much or more.
-- Further, by unleashing the economy through private retirement accounts, we improve standards of living immeasurably, making it both easier to achieve Retirement Critical Mass and eaier to recover from the consequences of being an idiot."
the only issue I have is... There is a VAST number of people, regardless of socio-economic status or background that would NOT save for the future.
According to some more useless stats, over 20% of the wage earners in the US DO NOT have a bank account, thats right no checking or savings account. They cash their paychecks at wal-mart, the grocery, check cashing establishments. Are you telling me that given that little tidbit, those people would shave off X% and drop it off at charles shwab?
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We are not primarily on earth to see through one another, but to see one another through
Some people are like slinkies: not really good for anything... but you can't help laughing when you push them down the stairs
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