Scenario: Concerns about its citizens' financial health after retirement, the government of LibPat is considering a few different approaches: (1) the government deducts a certain amount from worker's paychecks and invest on their behalf; (2) the government enrolls workers in a retirement saving plan but gives them a chance to opt out of the plan or choose a different plan; (3) the government runs a nationwide campaign to inform people of the importance of retirement savings.
-Refer to the scenario above.Which policy is most paternalistic?

Question

Quizplus · Accepted Answer

Policy 1 is most paternalistic as it involves the government deducting a certain amount from worker's paychecks and investing on their behalf without giving the workers a choice or chance to opt out. Policy 2 still gives workers the freedom to choose, while Policy 3 relies on informing and educating the public but does not involve any force or compulsion on their financial decisions.

Scenario: Concerns About Its Citizens' Financial Health After Retirement, the Government