Per Rush - Romney's investments have been in a blind trust since '03, unlike the Blabbermouth and the Nasty who can make portfolio decisions.
I wonder if the dumb-asses who are listening to the bullsht give a thought to where their own 401k money is invested, if they have any.
They don't. I have been over that bridge before, with coworkers ranting about the fat cat greedy oil companies. I pointed out that the mutual funds our 401ks were invested in contained a substantial amount of oil stocks, so when the oil companies profited so did our retirement accounts. Crickets.
Once more I am going to flog Louis Kelso's book,
The Capitalist Manifesto, because the capitalist future that Kelso wanted government policy to stimulate has come about in SPITE of tremendous opposition.
Kelso's vision was that we teach our young how Capitalism works, get them invested early, so that they have accumulated substantial wealth early in their lives rather than at the end of it. Aside from the purely personal benefit, he envisioned loosing upon the world a population of wealthy philanthropists who would have the youthfulness to be energetic enough to tackle the world's problems and wealthy enough to pursue their goals.
Interestingly, it was Big Labor and Big Business who shouted down his policy proposals in the mid to late 1950s when such things as educational policy were being discussed.
And the reason Big Labor and Big Business were impossible to get on board?
Because Kelso's ideas offered hope and
change...for the better, and for
everyone. Big Labor and Big Business decision makers are just as blind as the die hard Socialists when it comes to realizing that the size of the pie can be grown. One group does not have to suffer in order for another group to become better off.
Oh, and how exactly is Kelso's vision coming to pass? Financial instruments and methodologies like 401Ks were nonexistent in Kelso's day. A
majority of American households today are stock owners in private enterprise by virtue of their "retirement" accounts. All we need to do now is, as Glock32 illustrates above, get the "investors" to realize that their own well being is tied into the success of the "fat cats," and to restructure the government regulations that penalize withdrawals based on arbitrary ages. (If you are wealthy enough, what gawddamn bidness of the gubmint's is it to tell you when you have to "retire?")
