Saturday, March 31, 2012

Redistribution

For those who dislike wealth redistribution, consider this. If you buy insurance (e.g., car, house, travel) and are a careful person, you are likely the victim of redistribution. And if, as economist suggest, you are prone to moral hazard and behave recklessly because you have insurance, you are the beneficiary of redistribution. So "redistribution-deniers", you need to stop buying insurance and start saving.

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