Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Father Terrence who wrote (23585)	7/10/2000 9:12:05 PM
From: Neocon	Read Replies (1) \| Respond to of 769670

Government has a right to collect taxes in order to perform its duties. Among these duties is the maintenance of public order. To that end, government performs a role as insurer of last resort, as when it provides emergency aid to those who suffer from natural disasters. The "socialization of risk" is different from "socialism". It simply means that the cost to individuals in minimized by spreading payments throughout the ranks of taxpayers, to prevent social convulsion due to undue misfortune coming to a mass of people. As Adam Smith said, government may legitimately step in when private agencies would not likely suffice to provide the necessary service, as in the creation of roads. Similarly, when private charity might not be reliable enough, government steps in to ensure that people will be fed and clothed, and given aid in finding a job. By the way, you might be amazed at how much still depends on the private sector, including charities.........