MAN BITES DOG: In Salon, Anthony York rips the Democrats' proposed caps on the amount of company stock an employee may hold in a 401(k) plan, saying:
The proposed Boxer-Corzine reforms represent the worst part of left-wing political orthodoxy -- that individuals aren't smart enough to live their own lives. Keep in mind, we are not talking about Social Security, the safety net for American retirement. Boxer and Corzine are essentially trying to place limits on the gifts and incentives a company can offer its employees.
As York points out, the stock that Enron employees were prevented from selling for a few weeks in the fall was stock that Enron had given them as matching contributions in the first place.