Investment Accounts for Me, but Not for Thee
This paragraph says it all:
"So why does Senator Kennedy want to deny workers the same ownership rights and higher returns that he enjoys? Because he knows such ownership will change people's policy preferences. If the value of retirement nest eggs were tightly linked to individual earnings and long-term stock-market performance, people would demand a freer economy to pump up economic growth and stock performance. Freer markets deflate Big Government, which threatens the Left — but freer markets pay off handsomely for the individual."
The same could be said about so many programs championed by the left. Senator Kennedy would doubtless favor a National Health Care plan, but would he ever use it?
"So why does Senator Kennedy want to deny workers the same ownership rights and higher returns that he enjoys? Because he knows such ownership will change people's policy preferences. If the value of retirement nest eggs were tightly linked to individual earnings and long-term stock-market performance, people would demand a freer economy to pump up economic growth and stock performance. Freer markets deflate Big Government, which threatens the Left — but freer markets pay off handsomely for the individual."
The same could be said about so many programs championed by the left. Senator Kennedy would doubtless favor a National Health Care plan, but would he ever use it?
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