JoeBoonie on Nostr: I don't disagree with you and am of the same mindset. However, insurance is a ...
I don't disagree with you and am of the same mindset. However, insurance is a necessary means for offsetting losses within the Matrix we are stuck in.
The idea of a world without insurance raises some interesting points. On one hand, if everyone had the discipline and means to save diligently, (without the interferences of taxation and usury) and if unexpected events were less frequent or severe, then self-sufficiency could be a much more viable approach. The argument against fiat currency and its potential instability is also a valid point.
However, we both know that insurance exists for a reason. It's a way to pool risk and provide a safety net for events that are statistically unlikely but potentially devastating. Think of a house fire or a major medical emergency. For most people, saving enough to cover such events entirely out of pocket would be incredibly difficult, if not impossible. Insurance spreads that risk across a large group, making such events financially manageable for individuals.
While the current system has its flaws, and the costs of insurance can be substantial, it does offer some level of financial security that might not be achievable for everyone in a world without it. The question becomes, how do we balance individual responsibility and preparedness with the need for a collective safety net?
More importantly, are we, as individuals, ready for that reset button and a world without fiat? We use it to stack for a future possibility of greater wealth. Can we do without it if it becomes suddenly nonexistent?
The idea of a world without insurance raises some interesting points. On one hand, if everyone had the discipline and means to save diligently, (without the interferences of taxation and usury) and if unexpected events were less frequent or severe, then self-sufficiency could be a much more viable approach. The argument against fiat currency and its potential instability is also a valid point.
However, we both know that insurance exists for a reason. It's a way to pool risk and provide a safety net for events that are statistically unlikely but potentially devastating. Think of a house fire or a major medical emergency. For most people, saving enough to cover such events entirely out of pocket would be incredibly difficult, if not impossible. Insurance spreads that risk across a large group, making such events financially manageable for individuals.
While the current system has its flaws, and the costs of insurance can be substantial, it does offer some level of financial security that might not be achievable for everyone in a world without it. The question becomes, how do we balance individual responsibility and preparedness with the need for a collective safety net?
More importantly, are we, as individuals, ready for that reset button and a world without fiat? We use it to stack for a future possibility of greater wealth. Can we do without it if it becomes suddenly nonexistent?