That's not your call to make. If I am willing to spend my hard-earned money on a thing, it's because I think it will improve my life. Who are you to tell me otherwise? You're not my mom.
And it is not true that we "Privatize the profits, socialize the losses". Bailouts are rare exceptions; in general, investors take the loss when a business fails. They are last in line in bankruptcy court and cannot be insured.
That's not your judgement to make. First it's patently false in almost every modern society (there might be some with literally no restrictions on private ownership, idk), and second everyone can come to their own conclusions.
I for one am glad we don't have 8-year-olds enjoying one last smoke before an entire day in the mines, and if we did, I wouldn't let you tell me I can't say whether that's good or bad. You're not my mom.
That's not your call to make. If I am willing to spend my hard-earned money on a thing, it's because I think it will improve my life. Who are you to tell me otherwise? You're not my mom.
And it is not true that we "Privatize the profits, socialize the losses". Bailouts are rare exceptions; in general, investors take the loss when a business fails. They are last in line in bankruptcy court and cannot be insured.