Alerted by NoodleFood about the Treasury soliciting opinions on "managing" (read "seizing") our 401(k)'s, I submitted this:
Please, leave me and my money alone.
The idea that the government will "manage" my 401(k) is a violation of my property rights. The investments that I choose and the earnings or losses reaped are my own private affair. Besides being a violation of my property rights, the government has shown no ability to manage finances, and actually lessens the value of my earned wealth through inflation of the money supply. If I were allowed to keep my contributions to Social Security and invest it how I saw fit, I would be much better off in the long run, assuming even a minimal return on my investment. The Social Security fund is filled with nothing but IOU's and government would do the same to my 401(k) - spend the money now and pay me back later at a ridiculously low interest rate with debased currency.
Dismantle the welfare state and the grab for money would end.
Please, leave me and my money alone.
The idea that the government will "manage" my 401(k) is a violation of my property rights. The investments that I choose and the earnings or losses reaped are my own private affair. Besides being a violation of my property rights, the government has shown no ability to manage finances, and actually lessens the value of my earned wealth through inflation of the money supply. If I were allowed to keep my contributions to Social Security and invest it how I saw fit, I would be much better off in the long run, assuming even a minimal return on my investment. The Social Security fund is filled with nothing but IOU's and government would do the same to my 401(k) - spend the money now and pay me back later at a ridiculously low interest rate with debased currency.
Dismantle the welfare state and the grab for money would end.
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