More importantly, it ignores the fact that this already happens, except it's insurance companies, not a government agency, that do it. "Life is not fair, and s

More importantly, it ignores the fact that this already happens, except it's insurance companies, not a government agency, that do it. "Life is not fair, and saving for terrible contingencies helps mitigate those very risks." For many hard-working people, it's impossible to save enough, or to have saved enough, for such contingencies. The simplest example would be a young couple whose child has some wildly expensive condition.