| Steve A - I agree with you that it would be far better to take the conservative path and bring up those who are under achieving than to bring down those who are overproducing. Unfortunately, the bringing up can't be done in a short period.
If the government were to actually ask me how to greatly reduce poverty in this country, I have an answer. Education. Not education as it is being practiced now as it is clear that we are failing now. I would suggest that beginning at the pre school level, all of our kids begin getting a comprehensive financial management education.
We would have to require that the teachers be exquisitely qualified, pay them out the ass, and require that they pass rigorous requalification testing every 3 years in order to keep their jobs. The students would be required to pass their financial management courses every year in order to advance to the next grade. I would even go for starting an account of 100 dollars or so for each and every student that could be manipulated as part of thier continuing financial education but could only be withdrawn at the end of their senior year of high school upon reciept of thier diploma.
Can you imagine if each and every student that graduated had 12 to 14 years of genuine financial education under their belt? Hell, even the 10th grade dropouts would have more financial education than most bankers do today.
It may be that your sole purpose in life is to serve as a warning to others. |