I'm sure that there are good reasons why this wouldn't be a good idea, but I've always thought that one legitimate use of government might be to act as the insurance provider of all kinds, and to eliminate all private insurance. in a sense they already do this when the police, fire department, and rarely, the military, work to protect citizens from unexpected disaster.
Most people don't pay fire insurance to have the fire department put out a fire in their home. (OK, except for that guy in rural Tennessee.) So, in a sense, the government is already in the fire insurance business. People don't scream about the fire department or police as being part of a nefarious socialist enterprise.
It seems common sense that the largest pool of people should absorb as much of the risk of black swan events as possible. And thus I argue, though not too seriously, that providing insurance of all kinds is fake work.
By all means, stay healthy, if you can. And prevent your house from burning down, if you can, your boat from sinking, etc...
-D. |
