Thursday, October 25, 2012

Stossel on subsidizing risks

The video illustrates a couple of ideas:

1. From Chapter 2:  subsidies destroy wealth, in this case, by encouraging activities whose cost is bigger than their benefit. 
2. And from Chapter 20:  If you make things safer, people take more risks. 

1 comment:

  1. (Brent Blackburn)

    "We already pay (for rescues) in the tax dollars that we pay" -- ridiculous.

    Side note: How much in taxes could these guys possibly be paying? I mean, they all look like Fortune 500 CEOs to me but I'm usually wrong about that sort of thing.