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Samizdata, derived from Samizdat /n. - a system of clandestine publication of banned literature in the USSR [Russ.,= self-publishing house]

Enron, the IRS and Pensions

Harry Browne has a new item online at Worldnet Daily. It’s an interesting take on why the loss of Enron’s employee pension money can be laid at the IRS’s door. The income tax laws are the reason employee pensions are handled inside companies rather than by the employees themselves.

I’d never looked at it this way before, but he’s right.

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