Voluntary personal savings accounts would enable future retirees to harness the power of the marketplace when saving for their retirements.

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My legislation, the Simple Savings Tax Relief Act of 2005, simply eliminates the taxation of interest earned in savings accounts, such as passbook savings accounts or bank certificates of deposit.

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Personal savings accounts to me are one of the most powerful things, not necessarily in saving, solvency, or bankruptcy of the program, but in guaranteeing, the words I used a few minutes ago, a safe and secure retirement for our seniors.

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We promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, which over time would generate more savings.

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The President's proposed privatization plan would jeopardize that security by cutting guaranteed benefits for future retirees and endangering the benefits of current retirees, people with disabilities, and children who have lost a parent.

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President Roosevelt, the author of Social Security, was the first to suggest that, in order to provide for the country's retirement needs, Social Security would need to be supplemented by personal savings accounts.

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It's time to stop the raid on the Social Security trust fund and start allowing Americans to invest their Social Security taxes in personal savings accounts.

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With our national savings rate well below one-percent, it is imperative that the government embrace innovative and cost-effective means of boosting personal savings.

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By requiring that any surplus in Social Security taxes be returned to the American people in personal savings accounts, the plan ensures that Social Security taxes will be used for Social Security.

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How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.

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Jim Rohn

Don't bring your need to the marketplace, bring your skill. If you don't feel well, tell your doctor, but not the marketplace. If you need money, go to the bank, but not the marketplace.

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Today there are about 40 million retirees receiving benefits; by the time all the baby boomers have retired, there will be more than 72 million retirees drawing Social Security benefits.

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In economic panics throughout history, the wiping out of the savings accounts of lower earners and the middle class has often led to social revolution, sometimes violent upheavals.

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Hesiod

At the beginning of the cask and the end take thy fill but be saving in the middle; for at the bottom the savings comes too late.

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Indeed, we must foster cost-saving competition. And that means joining the marketplace of other industrialized countries - not just for the manufacturers who sell drugs, but for consumers as well.

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Systematic Investment Plan (sip) ! !

Financial analyst penned a life plan for me
where 20% must go to stocks and shares
I did it for good but lost when stock markets collapsed

Plan number two to invest 20% in real estate for future,
hold good as an asset, I ventured for future
but lost when government acquired my future for express way

Mega on magnum mutual funds another 20%
lost again on mutual effects of
inflation and fuel price hike

Wise again on plan 20% on gold as its glitter sure for long
again that smart thief tamed my shine
on a powerful mission

Not systematic,20% remained there
in saving bank accounts
and it is safe without any designed return


July 27,2008

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Anything that we can do to raise personal savings is very much in the interest of this country.

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To Have Power Over Others

To have power over others is something one does not need
For tis only by good example that one can ever lead
And many with power over others their power they do abuse
And for those who abuse others there cannot be an excuse.

If you wish to be a leader some sort of form of power you crave
And what it takes to be a great leader is to be understanding kind and brave
But leaders with such qualities to say the least seem rare
To some very ordinary people they do favourably compare.

For to have power over others a good person does not desire
And many power hungry people are those we should not admire
Power over others and personal power are different from night and day
We all do need some personal power for to serve survival's way.

To have power over others is something one can do without
And on those who desire such powers one has to cast some doubt
They seem to be control freaks with darkness of the soul
The lives of other people they do need to control.

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Power And Money

A bad habit they form as a young girl or boy
To have power over others some people enjoy
With personal power some are not satisfied
Their desire for top job they don't try for to hide
They need more than personal power to be seen to succeed
It is all about money and all about greed
One might say they do have big egos to feed
The more money they have the more they seem to need
Power and money are siblings it does seem that way
And money speaks every language some are known to say
The non greedy and non power hungry people one has to admire
The lust for large sums of money or power over others they never desire
They are not the type for to put others down
Or wish to be known as the best in the town.

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The concept of a "billionaire philanthropist" is an oxymoron. If somebody has amassed a billion dollars of net worth, that person likely did so by overcharging for products or services either through monopolistic or oligopoly power in the marketplace. It would be much more impressive to see the "billionaire philanthropist" drastically cut prices for the benefit of mankind rather than merely handing over 10%-20% of personal net worth for purposes of obtaining a tax break long after having gouged the consumer.

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Chakra #3

color yellow

solar plexus

positive uses of
personal power.
digstion

manifest goals

gives us a sense
of personal power
in the world.

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