On Fri, 10 Jan 2003, Max B. Sawicky wrote:
> Molly is wrong on two counts.
I think I follow what you're saying. But if I do, Molly is only wrong in her details of how 401ks work. She still right on her substantial point that 401k owners -- the vast bulk of the 70% who are counted as holding stock -- get nothing out of this proposal. Because their capital appreciation in 401k's is already untaxed. No?
I think that's all that matters for her argument here.
Michael