Friday, November 9

Inconsistent Paternalism

...we are much more paternalistic toward the low in status. We allow rich people to invest in most anything they like, but limit poor people to investments approved by regulators, and we are far more concerned about alcohol and illegal drug use by the poor than the rich, even though both groups use them at similar rates. An inner city activity with a similar mortality rate to BASE jumping would be illegal so fast it would make your head spin.

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