January 26, 2007
If we are too stupid to properly diversify our investments, then we should be separated, through voluntary transactions, from the money we're investing.
It is an unfortunate habit of political leaders to assume stupidity on the part of citizens, and then disallow them from engaging in activities which would disprove the assumption. Shame on you. Shame on you. Shame on you
The primary source of funding for government activities is NOT voluntary. Without the crucial element of choice on the part of the taxpayer, there is no way to tell if the value of government activities is higher or lower than their cost. We've all been taught that we are too stupid to spend our own money for the services that government provides, so instead of having a choice, we are "protected" from this stupidity by having the money forcibly taken from us.
Some people are stupid. By forcing everyone to pay for the enforcement of laws that protect them from their stupidity, you keep them out of the school of hard knocks - the one school that can educate even the stupidest of people. Nature has a plan, and you screw it up. Shame on you. Shame on you. Shame on you