Discussion about this post

User's avatar
Steven C.'s avatar

Some of these conditions would require very high premiums; and for others, like the last two, cash compensation seems pointless. It's not like the insurance company can resurrect a dead child or make your children love you.

Expand full comment
Ronfar's avatar

We do; it's a settled question that Communism doesn't work. It seems "obviously" true that neither zero nor the maximum amount of wealth transfer is ideal; the exact amount that actually is ideal is an empirical question that I don't have the data to answer. (Similarly, the tax rate that maximizes revenue collected is somewhere between zero and 100%, but I have almost no idea what it actually is.)

Expand full comment
25 more comments...

No posts