Why Have an Online Business?
This question is best answered by actor, Kevin Spacey who recently won the Golden Globe for Best Actor in a Television Series Drama (at the 72nd Golden Globe Awards). For his portrayal of, Frank Underwood, the crooked politician in the Netflix series House of Cards.
Frank Underwood, claws his way into the White House by manipulating the press and ruthlessly crushing anyone that gets in his way.
The New York Times‘ David Itzkoff, called the fictional character “a scheming politician” who does “some of the most evil and underhanded things imaginable”
What He Said
During the shows’ second episode (third session), Spacey, with just one line, actually delivered more honesty, than any politician, president, senator or Government representative has uttered in their entire lifetime.
“We have been crippled by Social Security. By Medicare. Medicaid. Welfare and entitlements. And that is the root of the problem. Entitlements. Let me be clear: You are entitled to nothing.”
Wow so powerful! – Because it’s actually very true. Social Security and Medicare are not “rights” in any sort of legal sense.
Congress decides on the payout, and Congress can change it or eliminate it, at any time. You really are not “entitled” to anything, and they are certainly not guaranteed anywhere in the law.
It’s the Truth
But that’s not the message we will ever hear from our political leaders, irrespective of what party they represent.
They will all tell us, whatever they need to get re-elected and while it’s not fun to hear, it’s important to keep it in mind, when planning for your future retirement that you should do so, with the assumption that your “expected“ benefits will be lower, possibly even much closer to ‘nothing’, than anything currently promised…
Don’t assume you’ll have the ‘jerry-rigged’ government social security programs to fall back on. It is far more prudent to assume you’re entitled to nothing, and plan accordingly and this is exactly why you need an online business.