Summary
According to Susan J. Douglas, privatization of Social Security is a sure way to ensure that Social Security will flop. Since credit card companies can get away with almost anything thanks to lobbying and their ability to change the rules almost at will, there is no reason to think that privatized Social Security would be any better. In fact, it would only be designed to impoverish workers, women, and the elderly.
Original source:
http://www.inthesetimes.com/site/main/article/1962/
Details
Here are some of my recent favorite credit card gambits: The amount of time my credit card company gives me to turn around and pay the bill has shrunk to about two and a half weeks---otherwise, I'm late.
Christopher Dodd (D-Conn.) and John Kerry have proposed legislation that would require greater disclosure about what it really costs to carry this debt and that would prohibit the arbitrary increasing of interest rates.
In part because of these shenanigans, the Kiplinger newsletter reports, "the rate at which people file for bankruptcy has increased 40 percent over the past 10 years and now totals 8.6 out of every 1,000 Americans."
Given that most Americans hate their credit card companies---the industry has a very high complaint rate---opponents of Bush's efforts to privatize Social Security might do well to use the industry as a predictor of what is to come.
Taking responsibility is only half the solution, the other half is trying to get rid of the insidious advertising that plagues us.
Its easy to tout personal responsibility as the solution when you don't have to worry, as el presidente said, about "putting food on your family" with a $150/week paycheck.
About the author: Mike Adams is a natural health author and award-winning journalist with a strong interest in personal health, the environment and the power of nature to help us all heal He has authored more than 1,800 articles and dozens of reports, guides and interviews on natural health topics, and he has created several downloadable courses on survival and preparedness, including his widely-downloaded course on personal safety and self-defense. Adams is a trusted, independent journalist who receives no money or promotional fees whatsoever to write about other companies' products. In 2010, Adams co-founded NaturalNews.com, a natural health video sharing site that has now grown in popularity. He's also a successful software entrepreneur, having founded a well known email marketing software company whose technology currently powers the NaturalNews email newsletters. Adams also serves as the executive director of the Consumer Wellness Center, a non-profit consumer protection group, and practices nature photography, Capoeira, martial arts and organic gardening. Known as the 'Health Ranger,' Adams' personal health statistics and mission statements are located at www.HealthRanger.org
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Sunday, February 27, 2005
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