Noted Financial Writer Scott Burns Speaks at Osher Lifelong Learning Institute at The University of Texas at Austin

AUSTIN, Texas, April 25, 2011 /PRNewswire/ -- Scott Burns, recognized as one of the top five most widely read financial writers in the United States, spoke on April 5 to the Osher Lifelong Learning Institute (UT OLLI) at The University of Texas at Austin. Over 100 members of UT OLLI's Lamp organization listened and asked questions in a lively, often passionate financial discussion led by Burns. The discussion varied from a promise made by the McDonald's Corporation to create 50,000 new jobs to the responsibility of our elected political officials to overhaul the U.S. tax system.

"We need dramatic political changes to happen and we have to stop being so partisan," said Burns, addressing the need for tax reform. "I won't vote for another Democrat or Republican for the rest of my life. Neither party has served the general public even remotely well." He then suggested that the answer to our tax woes be found in putting all taxes into a national sales tax, and that each household be taxed based on their standard of living.

Burns ended his lecture with a word of advice: "We, ourselves, are the best [financial] institutions we can trust. All those other institutions out there -- government, pharmaceuticals, banks -- they are not as durable, trustworthy or as reliable as each of us. We have to treat ourselves, and our judgment and our well being, as institutions worth fighting for. Be more forceful in the voting booth and in the decisions of our lives -- medical care, health care -- and not put all of our trust in the financial industry."

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