tag:blogger.com,1999:blog-32776756.post7495711267201798041..comments2023-10-20T18:03:01.821+09:00Comments on GlobalTalk 21: More on the “111 Year Old” MummyJun Okumurahttp://www.blogger.com/profile/00291478225274759649noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-32776756.post-9751664946810291882010-08-15T23:29:49.718+09:002010-08-15T23:29:49.718+09:00Hey, Anonymous, you're good.Hey, Anonymous, you're good.Jun Okumurahttps://www.blogger.com/profile/00291478225274759649noreply@blogger.comtag:blogger.com,1999:blog-32776756.post-80736090675397299342010-08-15T23:29:13.555+09:002010-08-15T23:29:13.555+09:00Anonymous:
Your point is a highly valid one that ...Anonymous:<br /><br />Your point is a highly valid one that I failed to take into consideration. My excuse is that the biggest question has already been settled in Japan—we have a social safety net that is universal, albeit cobbled together over time from disparate parts—so I only had Janne’s opt-out in mind. But yes, my comment would have been much richer for thought.<br /><br />I think that privately funded pensions actually have the potential to be more intrusive because of adverse selection and moral hazard issues that do not in principle come up in a universal coverage. This problem comes into even sharper focus in the healthcare insurance system. We have to weigh this against the thought of having the government collating all that information. Then there are income taxes. Yes, Big Brother <i>is</i> watching you.Jun Okumurahttps://www.blogger.com/profile/00291478225274759649noreply@blogger.comtag:blogger.com,1999:blog-32776756.post-2613166199712467982010-08-15T09:28:25.234+09:002010-08-15T09:28:25.234+09:00"How much do we want Big Brother to be our ke..."How much do we want Big Brother to be our keeper? As Janne says, that’s a social and cultural issue."<br /><br />Well, the more financial services we want from the government, the more we require that they inquire into our privacy. A lot of people fail to see this, and thus want to have their cake and eat it too.<br /><br />Also, for a comparison, to what degree have privately funded pension plans also faced this problem. I don't know the answer, but as a *guess* I would think very little.Anonymousnoreply@blogger.com