Welcome to my homepage for all things related to the broad topic of money. Here, you'll find links to lots of important, interesting, and useful information about finance, the economy, and other related topics, with particular emphasis on Canadian matters. Enjoy.
This site is updated once monthly. For new stuff, check out the "What's New Page." For the regular, good stuff, go to the "Favourite Links Page."
Also, this site, as well as all of Fenton's other sites, including their respective webhosting services, are all supported by advertising, to keep it free (the way it should be!). So, whenever you can, go ahead and click on their logos and visit their sites too.....sometimes, Fenton's homepages will be completely covered by advertisements; just refresh/reload the address on your internet browser--sometimes you may even have to do this several times--but it's worth it, to get to all that great content.
Interesting Stuff
note: Fenton's Finance now has a "sibling"/mirror site, converted (since February 2005, from the original http://pages.ivillage.com/fentown) to a new server: http://fentown-ivil.tripod.com/. Just a collection of useful links, if and whenever this site is down.
September 2008
This month's featured links:
National Payroll Week Sept 1-5, 2008
http://www.payroll.ca/
http://www.nationalpayrollweek.com/
http://www.worldtaximeter.com/
http://www.savingadvice.com/
http://www.valueinvestingnews.com/
Would a maximum wage make life better?
by Susan Janvrin
Money is not made or lost, it simply moves. One person's loss is generally another's gain, right? In order for top hedge fund manager, John Paulson, to have made $3.7 billion dollars last year, who lost? I'm not saying he directly stole from anyone, it's all perfectly legal, but is it right? That huge paycheck didn't just materialize out of nowhere. Let's look at the foreclosure rates sweeping the nation. Here, we see who is losing, but who is gaining? One could argue that in order to achieve financial gain, someone or something must be exploited, either directly or indirectly.
A maximum wage would put a handle on the craziness. Who on Earth needs 3.7 billion dollars? In one year, no less! I say the maximum household yearly income should be no more than a half million dollars, with excess income going to the charity of your choice. The living minimum wage could be as high as $20 per hour. Labor cost would drive up the cost of consumer goods, but guess what? We would all be able to afford them. Our income tax base would afford health benefits for all. Our non-profit organizations would be well-funded and out there working for the common good. Go ahead, call me a communist, but this would be a world of equality where 90% could consider themselves in the middle class, a sustainable society where no ones really loses, even those who are sacrificing their excess to charity. Think about it: An owner of a fine dining establishment can rest assured that with everyone else out there earning a reasonable salary, his restaurant will always be full. Even though he will make no more than a half million per year, he is guaranteed a steady business. Small businesses would flourish! Most folks would be much better off. Imposing this new payment structure will allow people to find out that the meaning of success has nothing to do with unfettered wealth, but it has to do more with satisfaction of one's self, just going to bed knowing you've done your best.
On the other end of the spectrum, we have the minimum wage workers. Perhaps with this wage, some workers could even choose to cut their schedule down to a semi-retirement pace of 20 hours per week to spend more time with children, enjoy life or rest after many years of hard work. Right now, many of our elderly should be enjoying their slower time in life, instead, they're toiling away their golden years just to be able to afford to live- that's a whole other post!
But, alas, some would suffer. Who? Let's see...hedge fund managers, warmongers, sports stars, virtual real estate agents for the game Second Life, doctors who like greased palms. I could just imagine the argument: but...but...if we don't make more money than god, we won't be inclined to do our best. Would this create a society of people who only do the minimum and don't strive for more? Not strive for a half million bucks? C'mon. The folks making more than that aren't really working anyway. The really hard workers are the minimum wagers. It's common knowledge that the less you work, the more you get paid. Besides, if you really love what you do, you'll do it well. If you don't love it, you should find something else and stop letting money be the reason you keep doing it.
============================================================
Daily Fuel Economy Tip: http://www.dailyfueleconomytip.com Good tips: http://soundmoneytips.com.
Like this site and its links? Share it:
