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Welcome to Roots of Wealth. A financial blog focusing on life, planning, and interesting information worthy of sharing with you.
Roots of Wealth is proudly managed by Crimmins Wealth Management Located in Ramsey, NJ.
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4 Ways to Fix a Broken Legal System

January 13, 2014 by Dan Crimmins Leave a Comment

This video post is from an old friend and attorney – Philip K. Howard.  He discusses the powerful forces of the law and lays out ways that we can fix what all would agree is a broken system.    The land of the free has become a legal minefield, says Philip K. Howard — especially for teachers and doctors, whose work has been paralyzed by fear of suits.  The impact of the out-of-control legal system also impacts small business owners as well.

We love to laugh at America’s warning-label culture (the bag of airline peanuts that says:  Caution: Contains Nuts). But more troubling are the everyday acts of silence and loss promoted by the fear of being sued.  Your doctor might not speak to you frankly; your kids’ principal might not feel he has the right to remove bad teachers.

Life Without Lawyers
Attorney Philip K. Howard

What’s the answer? A lawyer himself, Howard has four propositions for simplifying US law that he discusses in the video below.  Click on the silver button below to begin this thoughtful 18 minute talk.

[button link=”http://www.ted.com/talks/philip_howard.html” color=”silver”]4 Ways to Fix a Broken Legal System[/button]

Philip founded the nonpartisan group Common Good to combat this culture and reform several key areas of our legal system.  Among Common Good’s suggestions: specialized health care courts, which would give lower but smarter awards, and a project with the NYC Board of Ed and the Teachers Union to overhaul the disciplinary system in New York public schools.

He recently founded New Talk, with the mission to foster productive, nonpartisan discussion on even more tough issues — economics, health care, government.  He is a partner with the law firm Covington & Burling LLP.

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The foregoing content reflects the opinions of Crimmins Wealth Management and is subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that the statements, opinions or forecasts provided herein will prove to be correct. Past performance may not be indicative of future results. All investing involves risk, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful.

About Dan Crimmins

Dan Crimmins, co-founder of Crimmins Wealth Management, is a financial coach and fee only financial planner. Have a financial question? ASK DAN

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