Wednesday, January 12, 2005

Stakeholder Accounts

If we want to create an "ownership society" this is a wonderful idea that has been put in place by the Bristish. Kinda turns the pay now, receive later approach of our Social Security system on its head. In concept, these accounts takes advantage of time to help fund the future financial needs of those born today. If there is one thing that those born today have is time ... and one thing they lack is money.

The accounts (initially proposed as stakeholder accounts with a much larger funding) could be used for retirement, health insurance premiums or education. They also would enable young adults to enter society with a vested stake, something that does not happen often enough today.


Post a Comment

<< Home