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

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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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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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Even people who feel perfectly comfortable investing in the stock market and owning their own homes often have qualms about individual medical accounts or Social Security private accounts.

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Money, Money, Money! ! !

Accounts
cause
amounts.
Loans
cause
groans.
Bills
cause
ills.Bets
cause
debts.
Riches
cause
b itches.
Shares
cause
millionaires! ! !

poem by Ernestine NorthoverReport problemRelated quotes
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Hidden Poverty

In a Nation of many well off people they call it hidden poverty
The poor souls of the back streets that the wealthy never see
They live in condemned houses that are clearly in decay
And out of sight is out of mind or so 'twould seem that way.

In a Nation of many millionaires many live in a tent
People forced to become Homeless when their landlord on them raised their rent
The greed of the wealthy leads to homelessness and the numbers of the homeless multiply
The only roof that some know is the polluted Urban sky.

The Land of opportunity many have been known to say
Those who feel that all is rosy they themselves are doing okay
So many do grow poorer for every new millionaire
That is life some will tell you but life's not always fair.

In a Nation of many millionaires hidden poverty abound
And in the back streets of the City people sleep on the bare ground
Crudely referred to by some as losers and it seems sad to recall
That there was never such a thing as a 'fair go for all'.

poem by Francis DugganReport problemRelated quotes
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Voluntary personal savings accounts would enable future retirees to harness the power of the marketplace when saving for their retirements.

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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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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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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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We need to increase access to health insurance through Health Savings Accounts and high deductible policies, so individuals and families can purchase the insurance that's best for them and meets their specific needs.

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I just want someone to explain to the American public why investing in transportation in Iraq is so much more important than investing in passenger rail right here in the United States of America.

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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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Fishing Rods, Guns And God

Some say: Give me a fishing rod
so when I start to wish
for food I needn’t pray to God:
I’ll catch myself a fish.
Some think that rifles or revolvers
may solve their problems better,
becoming with such problem solvers
to God a lifer debtor.

All fishing rods are just like guns
in any fish’s eyes,
but I feel merciless when one’s
my dinnertime fish prize.

A bank account won’t save a fish
from dying, but with one
you may prepare a sauce that’s pish,
and not be forced to run
away from cops or into church
or synagogue for aid,
for it won’t leave you in the lurch,
demanding debts be paid.

Inspired by Nicholas Kristof’s Op-Ed in the NYT, December 31,2009 “Sparking a Savings Revolution”) :
There’s an old saying about poverty: Give me a fish, and I’ll eat for a day. Give me a fishing rod, and I’ll eat for a lifetime. There are many variations in that theme. In Somalia, I heard a darker version: If I buy food, I’ll eat for a day. If I buy a gun, I’ll eat every day. But these days, there’s evidence that one of the most effective tools to fight global poverty may be neither a fishing rod nor a gun, but a savings accounts. What we need is a savings revolution. Right now, the world’s poor almost never have access to a bank account. Cash sits around and gets spent — and, frankly, often spent badly.

12/31/09

poem by Gershon HepnerReport problemRelated quotes
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We designed both our state employee health plans and the one we created for low-income Hoosiers as Health Savings Accounts, and now in the tens of thousands these citizens are proving that they are fully capable of making smart, consumerist choices about their own health care.

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A Different Law

For the wealthy and poor there's a different law
Though on that your own conclusion you can draw
You may think my comments are not very fair
But this is my view and my view I will air
Save for some cases of proven murder money does never fail
And money is known to keep people from jail
Many poor people are in jail for a minor offence
They can't afford a lawyer for to fight their defence
'Tis powerful paper money for to give it fair due
And that money does speak every language does seem only true
The wealthy and poor the law treats differently
Though with what I say here many would disagree
The reason you don't find many millionaires in a jail
Is that the influence of money seldom does seem to fail.

poem by Francis DugganReport problemRelated quotes
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The savings for the old age.

Your son will rob you
If you over live.
Your son will kill you
If don’t part with.
Someone will do it
In case you have no sons.
Savings made for the old age
Is deterrent at the old age.
27.03.2009

poem by Rm. Shanmugam ChettiarReport problemRelated quotes
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So Any Team As Such

Though Brazil has the class and Brazil has the flair
Who wins the F I F A World cup i can't say i much care
'Tis more about Nationalism than 'tis about sport
So any team as such i do not support.

The top soccer players are paid millions a year
And stories of their greatness we are obliged to hear
Millions in money for just chasing a ball
It hardly does seem for to make sense at all.

When people are homeless and dying of hunger every day
Yet many spend their savings watching millionaires play
For selves, Nation and glory in the World's biggest game
Many find satisfaction in other people's fame.

If the money they spent on creating millionaires
And making small gods of renowned soccer players
Was spent on the people of assistance in need
To a better life for millions that surely would lead.

Brazil has the class and Brazil has the skill
But millions go hungry in poor old Brazil
And 'tis more about Nationalism than 'tis about sport
So any team as such i do not support

poem by Francis DugganReport problemRelated quotes
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Mixed Messages

Do you know,
What I think I do?
Your messages are sending me a meaning.
I interpret most of them as being mixed.
I think you know it.
And that's intented.

Do you know,
What I think I do?
Is there something here we should be investing?
With some time given,
To digest!
If we conversated to replace the guessing.

I'm not the one to be confused about a message.
I'm the kind that likes it more direct.
If you've got some feelings for me confessed them.
Help me out here,
Let's not start a mess.
Eliminate the guessing,
And put this at rest.

Do you know,
What I think I do?
Is there something here we should be investing?
Let's eliminate the guessing,
And put this at rest.

Do you know,
What I think I do?
Help me out here,
Let's not start a mess.
The less guess work will put my mind at rest.

Do you know,
What I think I do?
Less guess work will eliminate a mess.

Help me out here,
Let's not start a mess.
Less guess work will eliminate to put this mess at rest.

Do you know,
What I think I do?
Your messages are sending me a meaning.
I interpret most of them as being mixed.
I think you know it.
And that's intented.

I think you know it.
And that's intented.
But mixed messages are not the kind,
I think are the best.
If you want some answers,
You're the one that must confess.

poem by Lawrence S. PertillarReport problemRelated quotes
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Obviously, people with low or even moderate incomes could not afford such savings rates, and even diligent savings from their low wages would not be enough to pay for either retirement or healthcare.

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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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