<Maybe you would happily support elderly relatives; most people would consider this a nightmare>
Ok, I have a simple solution then.
Let me set up a family trust to pay for my parents retirement. In doing this, I should be allowed to opt out of the federal social security system.
You can even force me and my employer to put 7.65% into this trust, and when my folks finally die, the money rolls into the trust my children are paying into for me!
You're right, I don't mind paying for my parents retirement. They raised me, taught me that "all men are created equal, it's what you do after birth that matters!"
If an individual is not able to save for retirement, it is for one of two reasons. Sloth or stupidity. Sloth is no excuse, not in the country of opportunity. And stupidity isn't much of an excuse either.
I have one client that is dumb as a box of hair, but he has still managed to accumulate a fortune, by running a junk yard. He gets scrap cars for $50 off people, and part them out for several hundred. He started by taking parts out of abandoned wrecks during the 70's and selling them to parts shops. He is successful only because he works hard, long hours. |
