Cowlix Wearing my mind on my sleeve

Friday, February 08, 2002
Legislating responsibility

I have to worry a bit when I agree with articles in FrontPage Magazine, but Larry Elder's Don't "Reform" Investing, correctly points out that we should not put restrictions on how much employees can put into their own company's stock. Warnings should be given about diversification, certainly. But if people want to make the mistake of putting 90% of their savings in their own company, or any company, then that should be their right. We cannot protect people from themselves with laws. By trying we do nothing more than remove personal responsibility and encourage people to expect the government to protect them from every little thing.

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