Since their wasteful government continues to exist; even as wasteful
companies wither away this observation holds much appeal to me.
From: Robin Hanson <[EMAIL PROTECTED]>
To: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
Date: Tuesday, July 25, 2000 12:42 PM
Subject: Re: The Indeterminacy of Individual Economic Actions
>Bryan Caplan wrote:
>> > It also suggests that most people might stay with social security
>> > if it were made voluntary - at least for a while.
>>This is a really neat point, especially because I'm pretty sure it's
>>wrong. I can't imagine many people who are already comfortable with
>>personal investing sticking with SS. At least measured in dollars
>>rather than people, I'd expect more than 50% pullout from SS within a
>My intuition agrees with you, at least given a five year time-scale.
>That is, if the default was to stay in SS, and people had to send in
>some form to opt out, then within a few years most people would, even
>though they won't do a similar think regarding their companies plan.
>This, with the default-as-informative-endorsement theory, suggests
>that people trust their government less than their company.
>Robin Hanson [EMAIL PROTECTED] http://hanson.gmu.edu
>Asst. Prof. Economics, George Mason University
>MSN 1D3, Carow Hall, Fairfax VA 22030
>703-993-2326 FAX: 703-993-2323