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Guinevere Nell
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Mark Steckbeck wrote: "The difference we have to always keep in mind is that I can almost always choose to not participate in a market activity or outcome that I find detrimental to my (and others') well being, but I can almost never opt out of a government program that I believe it is detrimental to my (and others') well being. For that reason alone, government has a very limited role in bettering social welfare." You can opt out of almost any market activity, but can you always opt in? No, many people cannot, because they tend to cost money, and some people won't have the ability to pay. Hence, to prevent this analysis from being lopsided, it should be restated: "The difference we have to always keep in mind is that I can almost always choose to not participate in a market activity, but can only choose to participate in it if I can afford it. Whereas I can almost never opt out of a government program, but it can be ensured that I might always be able to opt in, regardless of cost."
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Jul 29, 2013