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Old 07-07-2005, 02:36 PM   #2869
ltl/fb
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Join Date: Mar 2003
Location: Flyover land
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Why oh why did my 401k die?

Quote:
Originally posted by sebastian_dangerfield
No, you fucking douchebag. Listen. The point is simple. Corporate nannyship stunts people from taking chances. We are winding up with a nation of people who want to do just waht they need to have $2mil put aside and slide off to golf land in old age. Thats nice fpor them, and I can't besmitrch them. But that stunts innovation. When people are left in more do or die scenarios, or forced to invest their money on their own, they tend to learn. they tend to think. they tend to be more than the vapid imbeciles who know nothing but relaity television and vesting dates. My point was larger than a mere shot at pensions. Pensions are just another vehicle which seems to allow people to avoid risk. Should everyone take risk? No. But I think a lot more of us could.

But please, Burger, sit on your ass and preach to me about how you've got ita ll figured out. You (a) don't know jack about my finance or my Maker's Mark supply and (b) are another goddamned risk aversive twit. Its easy as shit to fire darts at the guy who's picking on the conventional wisdom. Thats neither creative or brave, but utterly consistent.
An alternative view is that business playing nanny frees people up to do their work. Do you want your best workers stressed out because the guy in the next office lost everything in a bad investment and now can't afford to take care of his wife, who needs someone at home all the time? Do you want her focused on her outside investments, or on solving your tricky engineering problem? Do you want the welder to be focused on welding, or on figuring out how grandma is going to eat? Law firms have all this crap for associates (food delivery, easy parking/transportation, cab fare, travel services) so that they focus on posting on boards, I mean, on work. Different people are motivated by different things. Go be your own maverick self. Don't come work for my company, or MR's, or whatever. Start your own business. Companies decide to go with pensions for business reasons. Because the market demands it. Who are you to argue?
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