The Cards That Really Pay You Back

Nevermind Discover. Forget about "miles." How would you like a credit card that REALLY paid you back?

It’s part of my plan to revitalize Social Security. While the President and the Congress bicker back and forth about cutting education budgets and disemboweling Social Security, I’ve come up with a plan that will not only reinfuse Social Security with funds, but also take away the need for Washington to bicker over it. The plan is simple.


Step 1: Congress will create a new holding account for Social Security. They should name it Social Security 2.0, and write into the provisions of Social Security 2.0 that all monies collected and deposited remain in holding, except to be distributed to Social Security recipients, and ONLY Social Security recipients; all other government agencies or entities will be prohibited from ever having access to that money.

Step 2: Implement a new “operating fee” to be imposed upon the credit card industry, whereby 1% of each credit card company’s quarterly profits are given over to Social Security 2.0

Here’s how it will work:
A) The public will continue to pay into the existing Social Security program, and the Government will continue using that money as it pleases.

B) The credit card companies will then pay their operating fee into the Social Security 2.0 fund, effectively replacing the money the Government has used, and will continue to use, from the original Social Security.

C) All recipients of Social Security benefits will be paid from the SS2.0 fund.

This means the following: Every swipe of a credit card and every single online purchase will benefit the American public. As the Social Security 2.0 fund increases, those who have paid into Social Security will be able to be compensated for the actual amount paid in, not just a percentage. The Government will get to use the money we working people pay into Original Social Security (SS1), and ultimately the credit card companies will be paying us back for the money the Government has “borrowed”.

This, of course, may mean that the credit card companies will want to raise their fees and increase their percentage rates. Consider that the Operating Fee is a percentage taken from their profits - therefore the more money they take in, the more money they have to pay out. There will be no loopholes for them to skate through.

Pretty slick, huh?

With that in mind comes part 2 of the plan… how to ensure the subsidization of Public Education – which as we all know is again on the chopping block in Washington. Simple answer… require the same 1% operating fee of the corporate banks. The Government will charge the banks a 1% fee on their quarterly earnings, which then goes into another protected fund reserved exclusively for Public Education. From this fund, the nation can raise the standard of education, build new schools where needed, outfit classrooms with necessary technologies, implement better and healthier lunch programs, and much more.

The nation’s banks and credit card companies have taken so much from the American people. We've bailed them out without so much as a "thank you" in return. Perhaps that's because they didn't need as much bailing out as they claimed. And they keep inventing new ways to purloin our money. Well, through this plan, they will finally be giving back to America – no doubt begrudgingly – and helping to get this nation back on track as a global leader.

If you are in support of this idea, please sign the petition to get this before Congress. We need a minimum of 50 signatures, so please pass this around to your friends and family!

Here's the link: Save Social Security and Public Education

Introduction

Welcome to my blog.

I'd like you to think of this as more than just a blog. I'd like you to think of it as a call to action, an inspiration to engage in creating some much-needed change in America. Think of this space as a home for ideas and a fountain of support if the financial industries in our country have left you feeling powerless and without hope.

You are not alone. More Americans than ever feel trapped by their banks and credit card companies - organizations which have redistributed your hard-earned income to create extreme wealth for a select few. These corporations have devised plans to rob you of every possible dollar they can and shame you into feeling guilty for not abiding by their rules and regulations. They have also robbed you of the knowledge that YOU are the one who holds the power over them. It's been a systematic plan executed over several decades. But as with all policies involving unrestricted greed, this plan has finally reached its point of failure. And all it needs is YOU to help topple the corrupt system and restore the balance.

What AMERICANS DEMANDING CHANGE NOW seeks to do is to restore the balance through peaceful yet effective demonstrations. We are not going to ask you to assemble in groups, participate in sit-ins or engage in any other activity that would take time away from your normal schedule. What we ARE going to ask you to do is simply take back control of your money. It is something so remarkably simple to do, and by doing it we can send a powerful message to the leaders of the financial industries that we are no longer going to accept the abuses and the thanklessness as part of our relationships with them.

We shall begin our project with a simple coordinated action against Bank Of America. Why BofA? Well, BofA is at the center of a number of controversies and scandals, all of which they have created through their heavy-handed policies and abusive/deceptive customer service practices. They've bitten too many of the hands that feed them, and, well, since they are already in the limelight as a result of their bad behavior, they make a much more delicious target at this time.

This is not to say that you, as an account holder at any of the nation's other major banks (Wells Fargo, Citicorp, etc.) cannot follow our lead and protest at your banks at the same time. In fact, that may do even more good towards our cause. Immediately after we finish our protests against BofA we shall move on to similar protests against the Visa corporation and the credit card industry as a whole.

Remember, there is strength in numbers and the only way that we will have our efforts rewarded and institute change within these industries is by acting together. Never before have the banking and credit card industries left themselves so wide open for revolt. We must act as if we are an army and focus on our target together so that together, as one, we can make the change occur and restore the balance.