@GabrielDuquette Insurance companies seem to be deadweight loss?
@drethelin Insurance manufactures enormous amounts of wealth from thin air via pooling and thus offsetting global risk.
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@St_Rev@drethelin the thing is, the org in the best position to pool and offset risk is the government. hence, national healthcare. -
@admittedlyhuman@drethelin No. Two words: flood insurance. -
@St_Rev@drethelin raise property tax on floodprone property -
@admittedlyhuman@drethelin Flood insurance is federalized in the US. It has had the effect of subsidizing people to build in flood plains. -
@St_Rev@drethelin raise property tax on floodprone property (Whoops! You already tweeted that...) -
@admittedlyhuman@drethelin I can go into tons of detail here if you want, but it's going to go way past 140 characters. -
@St_Rev I will read and comment if you post it on your LJ -
@drethelin I'm stuck at the stage of teaching myself R so I can generate the graphs that I would just sketch on a whiteboard in RL. - 4 more replies
New conversation -
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@St_Rev Isn't that risk automatically offset if you have single payer? -
@drethelin Yes, but as I already said, in the absence of profit provision and competition, other deadweight losses expand without limit. -
@St_Rev by other losses do you mean ballooning bureaucracy and overtreatment? -
@drethelin That and everything else that emerges in a system that is unable to orient toward its own goals.
End of conversation
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.