Risk

Libertarians frequently ignore the problem of risks to pretend that liberties, "victimless crimes" and unregulated industries have no externalities.

Links

Inequality and the Pandemic, Part 3: Risk and reward [More...]

"I want to consider the claim that we need inequality in order to encourage people to take risks. The simplest response is to point to the empirical fact that high income earners take (or, more accurately, are subject to) less risk than average not more."

Vaccination (11 links)

Libertarians are split about mandatory vaccination. Those opposed claim it "violates individual liberty" and/or buy into anti-vaxer denialism and conspiracy theories. Some support mandatory vaccination because otherwise you are putting others at risk. But the fact of the matter is that mandatory vaccination resulted in the only human disease eradication to date: smallpox, which killed roughly 5 million per year.

When All Else Fails: Government as the Ultimate Risk Manager (book)

"In policies as diverse as limited liability, deposit insurance, Social Security, and federal disaster relief, American lawmakers have managed a wide array of private-sector risks, transforming both the government and countless private actors into insurers of last resort... Well suited to a society suspicious of government activism, public risk management has emerged as a critical form of government intervention in the United States."

Quotations

[...] the inequality of incomes in our society is largely a matter of luck rather than inherent personal ability, and that it is only distantly related to the social value of the contributions people make through their work. These conclusions undercut the idea that taxing those on high incomes will harm society by reducing incentives to work for the most able and social valuable workers.
John Quiggin, "Inequality and the Pandemic, Part 3: Risk and reward"