Greed driving new 401(k) rules
http://www.marketwatch.com/News/Story/2S6fwn4SfMW3JnWBf3ccxPn?siteid=google&dist=TNMostRead
It ends like this:
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Medium speaking for future generations
Yes, a medium speaks as the final witness, as did the murdered Samurai in "Rashomon." From future generations we hear that: "In the first decade of the 21st century, you, our ancestors, leaders in politics, business and finance, were consumed by selfish short-range thinking."
"We now know that the zero savings rate in the early 21st century could not be reversed by such minor changes in 401(k) enrollments, not when fiscal and monetary policies heavily favored spending and debt over an overhaul of our nation's failing retirement system ...
"So, from our vantage here in the future we are sending back in time a cataclysmic event that will alter the course of history ... forcing you to deal with retirement savings ... the event will awaken you to the real meaning of life beyond personal greed ... awaken you not by any sense of principles, but out of economic necessity (which seems to be all you understand) ... the call will be so powerful, you will be forced to set aside your greed and focus on the collective good of the nation, as Americans have done so often in times of great crisis throughout our history."
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