Investments Legislation Would Restrict Freedom

It is scary, but not surprising, that Sen. Barbara Boxer would sponsor legislation that would restrict the freedom of employees to make their own investment choices in their 401(k) plans [“Enron Woes Prompt 401(k) Bill in Senate,” Dec. 19].

Though Enron is certainly a disaster, there are many, many other employees in other companies’ plans that don’t have such problems. Sen. Boxer, in a clear knee-jerk reaction typical of her liberal politics, feels she and government have the right to take away the supposed freedom of choice that we have in America, and to tell employees that they cannot choose to invest more than one-fifth of their retirement account in any company (including their employer, which they can monitor better than any other) that they feel merits the best chance of appreciation. This is another example of how liberal politics result in far more restrictions on our freedoms than do conservative politics.

Mel Wolf

Burbank