TECHNICAL READING REVOLUTION
It is amazing the types of documents you and I have sent to us, signed by us, and approved by us. These tedious strings of lawyeristic blah blah blah are used to cover the butt of business and government world wide. They are created with the help of there paid servants, government workers and politicians. Who is the audience of these prospectus, tax forms, insurance forms, bank privacy notices and other corporate CYA drivel? You and me.
Right now on the Rhino’s desk is a small book like document called Transamerica Index Mutual Funds (a prospectus). This long boring piece of information is complete with subscript table of contents and everything else. It is designed to inform me. To be informed it would take me a couple of hours or more.
Recently I rolled over a couple of 401ks for someone from a company that decided they did not want to have that person continue with there investment management when they left. You have a choice. Sit down and figure out how to do the roll over (tedious, paperworkey, expensive if you screw up)or seek “professional” advice. Most of this type of advice wants to sell you something (with lots of words attached). All this is your responsibility. Why, because the people who represent you at state and national levels are owned and operated by those who want representatives to put the monkey on your back.
Should you have to spend more than 1 hour doing your taxes? If the government wants your money they can send you an accurate one page of your earnings and deductions. They and the money changers have all this info anyway. Companies and the government, not providing accurate information should be fined and imprisoned. You should be able to sue both for thier negligence
The law of the land world wide should be that all documents, and financial and property transaction, should be able to be done and understood by a sixth grader in no more than 30 minutes. Not because we can’t do more but because we shouldn't have to. Six grade classes could be used for research and payments for that research could be used for the schools.
The Rhino sees this as a good first step in giving the power of wealth and government back to the people. American (or your countries) workers first. Wealth is owned by the citizens. Let’s shake the money tree.