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Couldn't such a system be built voluntarily? Why should a startup founder be able to bet on someone else's money? If there is a group of people who need those

• femto 12y ago
  > Couldn't such a system be built voluntarily? Yes, but would it be as effective as a universal scheme? Also, there is a chicken and egg situation, whereby only people with the advantage of enough wealth to join in the voluntary scheme could access a safety net, biasing against people who do not have advantage but do have the ability to contribute. > Why should a startup founder be able to bet on someone else's money? Because we're all linked by, and benefit from, our societal connections and as a society we've collectively decided that it's the best way forward. --- Edit: grammar
  • hrjet 12y ago
    Every system has its own set of drawbacks. A non-voluntary system has the drawback of forcefully extorting money from people with proven capability[1] and then handing it over to possibly incapable / lazy people. [1]: Assuming an uncorrupted system. Else, all systems are equally bad.