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To: ThirdEye who wrote (13262)10/11/2004 12:09:51 PM
From: GraceZ  Read Replies (1) | Respond to of 116555
 
All the attempts to allieviate risk in people's life, to insulate them from the consequences of their choices has created the systemic risk we now face.

If I were to take your tack, I'd have to say people and society haven't evolved, they have devolved in that, according to you, people are less capable of making informed choices about their own financial welfare than they were a hundred years ago. How did this happen? Could it be the unintended consequence of taking those choices away from people in the first place?

Why is it that you think you need government to tell you how you should go about "managing one's life, including planning for the future" when a complete surfiet of material and information exists on this very subject? Perhaps the answer might be, you don't think YOU need the government to tell you this, but you think others do. Shouldn't I be able or allowed to decide what is in my own best interest?

Attaching health insurance and retirement pensions to ones job has been a fiasco whose entire implications are yet to be played out. An unemployed 50 year old with prior medical conditions represents a serious liability for any company with a full medical plan. Some think age discrimination legislation can prevent companies from making the choice not to hire this person, but companies are very good at getting around government attempts to compell them to take on employment risks. I have 50 year old friends who can't leave jobs they hate because they fear they won't be able to get health insurance or another job with coverage. They live in fear that they will simply lose their job and benefits. They are now envious of my choice to carry my own insurance and pension.

This fiasco is only somewhat dwarfed by the looming nightmare of Social Security and Medicare, the two programs the government compells us to participate in so don't even think of suggesting that the health insurance problem can be solved with yet another sink hole of government spending.