Comments by "PM" (@pm71241) on "The Rubin Report" channel.

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  15. Taylor Adams > "Simply saying "sorry, brankuptcy, don't have to pay you now" isn't exactly a great way to get out of paying a debt." That's also not the way bankruptcy works - at least on in Europe. It's not without consequences to declare bankruptcy and you will still have to pay your debt if you later becomes able to do so. > "and even the American president takes pride in the fact that he learned those rules and regulations and used them to his advantage. Just doesn't sound very libertarian to me." Neither to me. But then ... In Denmark we actually have regulations preventing people from exploiting bankruptcy rules like Donald Trump did. > "Some things are simply handled more easily by the government (such as infrastructure in most cases)" I could agree with that... but I would state it more generally (as a georgist). The government comes into play when we are speaking of monopolies. Essential infrastructure (like sewage system), stuff where there's a natural monopoly which excludes actual competition is justified as government responsibility since the monopoly it self is a violation of the basic principles. The thing that gives you that monopoly - a natural opportunity - is not the fruit of your own labor. That could be the unimproved land, the radiowave spectrum or other natural opportunities. Monopolizing those without compensating the rest of society for the positive externalizes the society creates is unjust. So the government should be involved in such monopolies - or at least, collect the rent from such monopolies - as, say, a land value tax.
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  32. Unless you seriously believe that there's a case for financial institutions to get percentages of every activity in society, you should maybe consider whether something is actually better done without the middle man. Even money ... why would we let banks have a piece of the cake when we could do it ourselves with - say - Bitcoin? It's not given that the optimal solution for society always is to involve bankers. So - even if bankers works for free and provided administration of the insurance for free, what would the total cost for society be of this model? ... There will always be a percentage with more bad luck than foresight ending up without insurance to prevent them for getting their lives ruined (by bankruptcy or lack of work ability). Saying "charity will fix it is not an answer. This will cause social problems. So unless you want to employ a police force to "remove" poor people causing problems from society in general, prevention is more cost effective than treatment. You can say this is "the individuals responsibility", but unless you are prepared to simply let "responsible" or sufficiently unlucky people die in the streets you will end up needing some kind of mandatory insurance (just like we in my country has mandatory fire insurance for houses). But why just not cut out the middleman? ... A single payer health-care system is much simpler, doesn't cost percentages to the financial industry and works perfectly well. ... and when watching the absurdity of US health-care politics I'm very happy to live in a country where this is simply a non-issue. Everyone has health-care from the moment of birth.
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