With global Social Security Ponzi Schemes in trouble and possibly running out of money in the next few years, as Prime Minister, I would begin to think differently and put FRESH IDEAS IN PLACE. SOCIAL SECURITY SCHEMES aren't letting us know this. Look at the USA, some elected representatives agree that Social Security is like a Ponzi Scheme too. Search the web. (That is what I personally believe the Social Security Scheme is. When You look at it, they system just wants people to keep putting in money and the money that is put in, is used to pay those that are due and the scheme continues because IT IS LAW. How foolhardy? Then those around the world, invest our Social Security money in some risky non producing deals and they never come back to US AS INVESTORS to fully report as to the status of our monies)
Now isn't this a Ponzi Scheme?
In which ever country I am elected in the Caribbean, during my first term in Office, I would seek to establish / form one of the Biggest Cooperatives / Businesses owned by each citizen of the island I govern. This cooperative can engage in different types of business, but with a SOLE AIM of creating a pension / dividends for every citizen from the moment that they are born.
How will I do that you ask? I would go to Cabinet and discuss to have a law that makes each legal citizen buy at least $50 worth of shares. (Nothing too high) and maybe contribute $10 per year. We would then use this money to do something unique and productive and citizens would get there dividends stored up and can be withrawn every 10 years if they wish. This would mean that you don't have to be 16 years before you start paying something like social security, but from 1 DAY OLD, you can be apart.
They will be kept up to date with how every dollar is spent each quarter and see the profitability or non-profitablity. With this type of involvement, they will feel more apart of what is going on other than just letting 8% come out of their monies everymonth to be invested or lent and spent in ways they never know.
So . . .let's talk FIGURES so you see. Let say that I am the Imaginary Prime Minister of St. Kitts - Nevis.
50,000 people buy $50 in shares totalling $2,500,000
and raising another $500,000 every year after.
Imagine the possibilities with $2,500,000 in Capital.
I would start a Caribbean Boat Travel Cooperative OWNED BY ST. KITTS-NEVIS CITIZENS.
We may be able to buy about 4 boats as a start and employ citizens of St. Kitts - Nevis to work as Captains and Boat Attendants and Ticket Sellers etc (You get my point?)
These boats will take down inter-island Caribbean Travel prices and increase travel among Caribbean Territories and thus increase each island's revenue.
What if I rally with CARICOM to let each citizen in each Caribbean Island buy $50 dollars worth of shares? This would mean CARIBBEAN PEOPLE WOULD OWN A CARIBBEAN TRAVEL COOPERATIVE which could consist of both planes and boats.
CARIBBEAN PEOPLE WOULD THEN BE ENSURED of a pension/gratuity which is their dividends every 10 years or they can let it be re-invested to earn more. (Does Social Security Do This?) We have to PAY AND PAY and PAY and then wait till we're over 60 years to get back. What happens to business owners like me - www.kvkenterprises.com and www.thecaribbeanprintshop.com who, even when sick, we never take sick leave and still WORK HARD to bring in the dollar, so we never get back anything at all?
Do you know what that means? Look at the benefits of forming a cooperative with our CARIBBEAN PEOPLE.
1. Children at the age of 10 would already be dividend earners. By the time they are 18 or 20 they have a considerable amount to help them go to study.
2. We would be able to decrease certain VAT and other taxes and reduce our National Debts because we have another lucrative Income Source in the Travel and Tourism Sector.
3. This would create JOBS for our St. Kitts - Nevis and Caribbean Folks
4. It will make our people HAPPIER and help to turn our economies around.
PLUS - When I add YOUR ideas after getting them in PRE-PLANNING FORUMS - it may be a much bigger better idea than what I'm thinking.
I always wonder who advises our CARIBBEAN AND WORLDWIDE governments and WHO GIVES THEM IDEAS? I think a website should be built with their pictures so we can see who the DECISION MAKERS or NON DECISION MAKERS who are suppose to be working for us are and coming up with creative ideas.
We can't always blame the PRIME MINISTERS and PRESIDENTS around the world. Sometimes they depend alot on those under them to work hard and come up with ideas, but they just sit and get big salaries and do nothing, while we down on the lower part of the SCALE suffer because the only alternative is to TAX US. Not Fair!
GOVERNMENTS NEED CREATIVE AND INNOVATIVE MINDS on their advising teams IMMEDIATELY!
I'll definitely be a PRIME MINISTER who works for our YOUTH and EVERYONE and be remembered as someone who was innovative and helped to turn my island's economic situation around.
Well....Let me stop dreaming. I'm staying in the ministry I founded in 2008 Dare 2 Be Different International - www.d2bdifferent.com , and the world will continue to see our innovation there. I certainly don't mind being an advisor to any government around the world through my consulting firm - www.kwconsultingskn.com becasue I do have ALOT ALOT ALOT of ideas, that governments are lacking.
Khrystus Wallace
www.kwconsultingskn.com
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