Quote:
Originally posted by Tyrone Slothrop
I don't understand how an advocate of free markets can turn around and say that people who want to buy insurance are pathetic. They're just maximizing their own utility.
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That's not insurance, that's how I can say that. That's giving up a potentially better return in exchange for the guaranteed return.
You're right. In a free market, that's a choice. But when it's born of ignorance or fear, I'm not so sure. And my guess is, the rallying against Bush's Social Security reforms weren't from the voters themselves so much as interest groups who didn't like the idea and pushed their representatives to kill it. If put to a referendum, I'll bet 20-40% of the public would take Bush's offer. And that would give them a new experience and knowledge and better our country.
