Monday, July 16, 2012

Especially if you don't think too hard

From Ann Althouse, "Money the government is spending on old people means young people are free not to take care of them." Moral hazards and unintended consequences.
The government is taking over the role once provided by family. It was not so long ago that people believed that if they didn't save up money and provide for their own old age that they would be a burden on their children. And it was quite common to worry that your aging parents would need to move in with you and be economically dependent on you. Many families had a grandmother living in their home.

And now, the government has become the basis of our expectations. There's a feeling of security (especially if you don't think too hard). And there's a freedom from the bondage of family. The government is more your family than your family.

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