Daily Archives: 9 April 2026

Big Brother’s Nanny Sister

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President Donald Trump (R) wants to let businesses allow private equity investments be included in their 401(k) Plans so employees can invest in them with their retirement savings. After all, unions, those voting bloc and funders for the Progressive-Democratic Party do, with enthusiasm.

Nope, say those same Progressive-Democratic Party politicians. We get to do it. You others don’t. Just look at those collapsing private equity funds now. Besides, the Labor Department is only letting those 401(k)s have risky investments that could include Trump meme coins.

Labor says otherwise.

The Labor Department is proposing to clarify that employers don’t violate their fiduciary duty merely by incorporating private equity, real estate and other “alternative” investments in 401(k) fund options.

Nothing else.

I agree that private equity is a terrible, horrible, no good, very bad investment. However, that’s a matter for the individual investor to decide. It should not be a matter for Nanny Statists like Party politicians to actively bar, nor should it be a matter for Republicans of any stripe to passively bar by not permitting.

Caveat emptor, and caveat collocator.

Bah—Who Needs National Defense?

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A letter writer in The Wall Street Journal‘s Tuesday Letters section was unhappy with the spending proposal for and attendant priority given to defense spending. He didn’t seem to see any need for spending there.

I read with some alarm the enthusiastic commentary in your editorial regarding the proposed $1.5 trillion defense budget….
… Diverting expenditures to military weapons and away from social needs—housing, food and medical care—isn’t sensible nor is it possible, given current domestic needs.

What isn’t sensible is not funding our ability to defend ourselves in a world of many powerful enemy nations, at least one of which has sworn to surpass and dominate us.

Any free nation needs to be able to defend itself, or it won’t be free for long, and all the social needs—housing, food, and medical care—it gets, such as they might be, will be dictated by that nation’s conqueror. National defense must be that nation’s government’s first priority.

I decline to live under a People’s Republic of China tyranny. Or to see my nation simply destroyed by a nuclear armed Iran that has no other goal aside from visiting the same extermination on Israel.