"It would take little more than $50 billion to raise every poor person above the official poverty line, yet the percentage of the population classified as poor hardly budges, while annual welfare spending amounts to four times that much. Where's the money going?"

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Maybe you just can't protect people from certain specialized types of folly with any sane amount of regulation, and the correct response is to give up on the high social costs of inadequately protecting people from themselves under certain circumstances.

— Eliezer Yudkowsky