Saving Social Security
Recently I was alerted (by Andrew) that I needed to contact my Senator, Olympia Snowe, because she is on the House Finance Committee and is on the fence about Bush's proposals concerning Social Security. I wrote her an e-mail and urged her not to let our President destroy Social Security. I mean, what does he care anyway if its gone, he has a kick ass retirement plan.
In all seriousness I have been telling friends about MY PLAN to save social security for years, and now I will share it with you.
When you get your credit card statement in the mail, usually attached to the return envelope is some stupid coupon or advertisement for something ridiculous you don't need. Like personalised return address stamps. Duh, I just put no postage on the envelope and put my address as the destination and the credit card company's as the return address to save $.37. (Oh and my checks for my student loan, I make them out to the US Department of Edumacation [yes they still cash them])
Anyway, Social Security protects 150 Million Americans and is paying benefits to 45 million now.
Its a pretty specific group. Social Security pays monthly retirement benefits to more than 31 million retired workers and their family members.
So the government should sell advertising space. Every check that goes out should have three coupons attached to it. For products like Ensure, Depends, Viagra, Cialis, Centrum Silver, Propecia and any other product that can be targetted to a 65+ audience. So lets calculate a very affordable PPM like $4.00. (The cost it takes for your ad to be seen by 1,000 people in the classified ads of a local paper) Thats $180,000 per month for each ad. So thats over half a million dollars raised every month. Almost $6.5 Million a year! And the PPM would be higher than $4 for sure (and well worth it because the advertiser wouldn't have to pay postage or for a mailing list)
So if that money were dumped back into the system in a way similar to an annuity we'd be able to turn it into billions of dollars in about ten years. Not bad, and it costs the taxpayers $0.
If you were a company that sold products for seniors, you would love to get 31 million people to see your product with a call to action to purchase it as soon as they got the money in their hands, wouldn't you? And the people on disability could probably use some of the products and services too.
In all seriousness I have been telling friends about MY PLAN to save social security for years, and now I will share it with you.
When you get your credit card statement in the mail, usually attached to the return envelope is some stupid coupon or advertisement for something ridiculous you don't need. Like personalised return address stamps. Duh, I just put no postage on the envelope and put my address as the destination and the credit card company's as the return address to save $.37. (Oh and my checks for my student loan, I make them out to the US Department of Edumacation [yes they still cash them])
Anyway, Social Security protects 150 Million Americans and is paying benefits to 45 million now.
Its a pretty specific group. Social Security pays monthly retirement benefits to more than 31 million retired workers and their family members.
So the government should sell advertising space. Every check that goes out should have three coupons attached to it. For products like Ensure, Depends, Viagra, Cialis, Centrum Silver, Propecia and any other product that can be targetted to a 65+ audience. So lets calculate a very affordable PPM like $4.00. (The cost it takes for your ad to be seen by 1,000 people in the classified ads of a local paper) Thats $180,000 per month for each ad. So thats over half a million dollars raised every month. Almost $6.5 Million a year! And the PPM would be higher than $4 for sure (and well worth it because the advertiser wouldn't have to pay postage or for a mailing list)
So if that money were dumped back into the system in a way similar to an annuity we'd be able to turn it into billions of dollars in about ten years. Not bad, and it costs the taxpayers $0.
If you were a company that sold products for seniors, you would love to get 31 million people to see your product with a call to action to purchase it as soon as they got the money in their hands, wouldn't you? And the people on disability could probably use some of the products and services too.
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