When Joe down the street and a lot of his neighbours go bankrupt they default on their mortgage loans, which can have a cascading effect, as it actually did in

When Joe down the street and a lot of his neighbours go bankrupt they default on their mortgage loans, which can have a cascading effect, as it actually did in 2008. The taxpayer that chose not to gamble in the stockmarket will foot most of that bill, part through inflation and part through actual bailouts and stimulus packages. One person is not important, but if a million people engage in some economic activity we're all affected in the long term, so should have a word to say about this.