Government is a big insurance company. Except you can’t shop elsewhere for insurance. And their price is super high. And they threaten you if you don’t want to pay them. And the services they deliver are sub-par for the price. And you can’t itemize your “insurance” to only include the products you need. And often just when you need them most, you find out how incompetent, corrupt, and overall ineffective they are at ensuring you against anything.

Just look at Puerto Rico after Hurricane Maria. Governments play politics with awarding repair projects, while the majority of the island is still left without power. Daddy Yankee was a bigger help than FEMA.

And because the government really doesn’t deliver on their promise of keeping people safe and coming to their aid, people still turn to private companies. People still find it in their best interest to use some of the 50% of their income left after the government plunders the rest to purchase insurance.