The Solutions Exist
Aug 25, 2022
Challenges have solutions. Ten years ago, in my book, Greedy Bastards, I spoke about the lack of solutions resulting from embedded and what have become outdated ways about which we approach those challenges. Education is a classic example of a challenge with solutions.
As it currently stands, our educational system is dependent upon property taxes. As a result, the higher income areas generate greater tax revenues which then get poured back into the community. At the opposite end of the spectrum are the poorer income areas where tax revenues are low and subsequently, schools suffer. It creates a vicious circle. However, it’s a fixable circle if we adopt a new approach.
We live in a world that moves quickly. Transportation and telecommunications advancements have accelerated the rate of change. This has led to fantastic advancements in society. At the same time, legacy systems that have not evolved, like education, fall behind at an exponential rate.
Education needs to evolve from a property tax-based system to one that affords better opportunities, funded at the federal level, and is predicated on numbers of students. At the same time, our teaching methods need rethinking in such a way that incorporates a master-apprentice approach so that students develop true problem-solving skills along with better social skills.
The greatest challenges to all this are twofold. First, there are the entrenched interests who benefit from the system as is. Second, we suffer from a tunnel vision approach that causes us to lack identifying new solutions.
If we want to get serious about fixing fixable challenges, then we need to address the obstacles anchoring us from progress. With respect to politicians, there is an old axiom that owning the issue is more valuable than offering up a solution. In other words, solving the education issue means losing a campaign issue that generates votes. The solution to this rests in the hands of voters to elect officials who actually put forth and fight for legislation offering true solutions. Offering $10,000 is typical political fodder creating the illusion of solving the challenge when in actuality, it simply perpetuates denial. While it is better than doing nothing, it ultimately solves nothing.
Identifying solutions means constructive dialogue. We have very much become a society operating on a binary approach. We either agree with one another on everything or disagree on everything. That approach has not served us well. The art of compromise, active listening, and conflict resolution has been lost. We can and we must change that. All of us want our children to grow up healthy, happy and with opportunities. We want our parents to have the care they need as they age. We want access to medical care when we need it. We don’t all have to agree on how to offer those, but instead of jumping ahead to where we disagree, let’s just all acknowledge where we do agree and take it one step at time.
I firmly believe the larger challenges we face are solvable. Education is an easily identifiable area in need of a solution. We owe it to ourselves and our children to look for solutions with potential, instead of simply resorting to the same old tired ways that have not evolved fast enough.
Special Project's Editor Josh Fabian contributed to this article.
Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.
tastytrade content is provided solely by tastytrade, Inc. (“tastytrade”) and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, transaction or investment strategy is suitable for any person. Trading securities can involve high risk and the loss of any funds invested. tastytrade, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. Investment information provided may not be appropriate for all investors, and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. tastytrade is not in the business of transacting securities trades, nor does it direct client commodity accounts or give commodity trading advice tailored to any particular client’s situation or investment objectives. Supporting documentation for any claims (including claims made on behalf of options programs), comparison, statistics, or other technical data, if applicable, will be supplied upon request. tastytrade is not a licensed financial advisor, registered investment advisor, or a registered broker-dealer. Options, futures and futures options are not suitable for all investors. Prior to trading securities products, please read the Characteristics and Risks of Standardized Options and the Risk Disclosure for Futures and Options found on tastyworks.com.
tastytrade is a trademark/servicemark owned by tastytrade.
tastyworks, Inc. ("tastyworks") is a registered broker-dealer and member of FINRA, NFA and SIPC. tastyworks offers self-directed brokerage accounts to its customers. tastyworks does not give financial or trading advice nor does it make investment recommendations. You alone are responsible for making your investment and trading decisions and for evaluating the merits and risks associated with the use of tastyworks’ systems, services or products. tastyworks is a wholly owned subsidiary of tastytrade, Inc (“tastytrade”).
tastyworks, Inc. (“tastyworks”) has entered into a Marketing Agreement with tastytrade (“Marketing Agent”) whereby tastyworks pays compensation to Marketing Agent to recommend tastyworks’ brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastyworks. tastytrade is the parent company of tastyworks. tastyworks and Marketing Agent are separate entities with their own products and services. tastytrade has different privacy policies than tastyworks.
Quiet Foundation, Inc. (“Quiet Foundation”) is a wholly-owned subsidiary of tastytrade The information on quietfoundation.com is intended for U.S. residents only. All investing involves the risk of loss. Past performance is not a guarantee of future results. Quiet Foundation does not make suitability determinations, nor does it make investment recommendations. You alone are responsible for making your investment and trading decisions and for evaluating the merits and risks associated with the use of Quiet Foundation’s systems, services or products.