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The issue here is moral hazard. Yes, buying insurance is bad if it disincentivizes you to work your hardest to prevent the outcome that you're insured against.

The issue here is moral hazard. Yes, buying insurance is bad if it disincentivizes you to work your hardest to prevent the outcome that you're insured against. Not saying that everyone with a bunker falls into this category. But it's certainly true that when the best resourced and connected among us have the means to withdraw comfortably, their aggregate effort to remedy whatever is causing the disruption will diminish.

ThrowawayR2 6y ago
> "Yes, buying insurance is bad if it disincentivizes you to work your hardest to prevent the outcome that you're insured against." Most people here have home fire insurance coverage but don't have extinguishers (or haven't checked them in years), sprinklers, or a fire safe. So is fire insurance coverage bad?
- ben_w 6y ago
  ”if” Fire risks the loss of things that insurance cannot replace, such as your face, dog, or offspring.
  - ericd 6y ago
    So does social unrest in the country you grew up in and have lived your entire life. This whole thread is bizarre.
    - ben_w 6y ago
      Good point. I think the fear is of billionaires using money to save the bits they want by running away rather than the bits you want by fixing the society.