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Politics : The Donkey's Inn -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (5710)	12/30/2002 11:43:57 PM
From: PartyTime	Respond to of 15516

Oh, why not! Why not put something crazy out for consideration. Perhaps one of you could tweak it into an even better idea--lol! Ray, on the subject we're discussing, some years ago I articulated a solution to the American 'Silver Spoon' thing. As are most of my ideas, this indeed is a radical solution. It's called: The Inheritance Bank. Here's how it works. When someone dies their wealth immediately gets transferred into the Inheritance Bank where the combined inheritances held by the bank collect massive interest. This interest runs the governmnet. Lets say you've got a million dollars of money and assets when you die, and you have two children you want each to get half of your fortune. Under my plan, the heirs still get that dough, or assets converted into moola or an equivalent asset value up to the half a million as assigned in the will. However, before those two heirs die each must return their respective half a million value back into the Inheritance Bank. And the quicker such payments are made the less interest generated on the loaned money. Of course, our nation's wonderful actuaries will have to predetermine a sliding scale for loan repayment. If this is accomplished, then the next line of heirs will repeat the process. If the first two heirs fall short on repayment, then their next respective line of heirs could only get a lesser amount. So let's say the two heirs opt not to pay any money back to the Inheritance Bank. Whatever amount they are holding upon their death, either more or less than the half a million originally assigned, goes into Da Bank. So let's say they die with two million dollars and upon their death didn't pay any of the 500 million back. That half a million goes and stays directly into Da Bank; while the next line of heirs will divy up 1.5 million instead of two million. The plan of this is to continue the ideal goal of parents wanting the best for their children, and providing for them. But built into this system is an incentive for those heirs to actually do something productive with the monies they receive from inheritance. The theory is that gradually this will thin out the Silver Spooners, force them to become more productive with their money as what they do with what they get will effect the heirs behind them. And I guess the real bonus is the combined interest from the government-run Inheritance Bank just might be sufficient to run all of government, the IRS completely eliminated in the process. Crazy idea, huh? Unfortunately, I think crazy ideas are in order as sameoldism just ain't workin', is it? (LOL) By the way, if anyone's brave enough please don't hesitate to ask me about my idea of reconstructing the seven-day, twenty-four hour weekly day system. Heck, with computers and all, we could just put time, as we now know it, on a clock and institute a completely different system. Indeed, altering time could perhaps be the most radical act to change the balance of how we're living, or struggling, in today's societies.