Why Complication?

Why is the savings system in America so complicated.

Banks and investment houses use the complicated tax code to create "investment vehicles" like Roth IRA'S or Keogh plans. This is done by supporting politicians.

Politicians have a thousand different ways you can become their friend. Campaign contributions, jobs for relatives, donations to their favorite think tank, hire them to give a speech, buy their book (tens of thousands of copies at a time), put them in a movie, etc.. , etc... , etc... !

With a new and complicated vehicle of your devising in the tax code, you can charge people to show them how to use it properly. If someone else tries, make sure you point out to the IRS exactly where they failed to dot an i or cross a T.

Savings Simplication would let you save without sending everyone else's kids to college, and without the worry of the IRS sending you to prison as part of some investment banks business plan.

-RJM