I feel like a much larger fraction of the economy is predatory than is made out to be in these gambling discourses. Examples:
* FSA plans are designed to get you to gamble on how much medical expenses you will have; if you overestimate, you either lose the money or spend it on shit you otherwise wouldn't buy; if you underestimate, you pay taxes on stuff you shouldn't be paying taxes on. The healthy alternative would be: Cut the FSA, let people just tax deduct medical expenses at tax time, even small ones.
* Extended warranty plans are baiting you to pay for something you are statistically unlikely to need. The healthy alternative would be: Just service things past warranty and charge a much more reasoanable price for it.
* Insurances but co-insurances, deductibles, clauses: "We'll bait you into paying because you think we'll pay but we'll not actually pay because it says in the fine print"
* Trip protection: Asking you to gamble on the probability of a mishap, instead of just covering mishaps out of the box
* FSA plans are designed to get you to gamble on how much medical expenses you will have; if you overestimate, you either lose the money or spend it on shit you otherwise wouldn't buy; if you underestimate, you pay taxes on stuff you shouldn't be paying taxes on. The healthy alternative would be: Cut the FSA, let people just tax deduct medical expenses at tax time, even small ones.
* Extended warranty plans are baiting you to pay for something you are statistically unlikely to need. The healthy alternative would be: Just service things past warranty and charge a much more reasoanable price for it.
* Insurances but co-insurances, deductibles, clauses: "We'll bait you into paying because you think we'll pay but we'll not actually pay because it says in the fine print"
* Trip protection: Asking you to gamble on the probability of a mishap, instead of just covering mishaps out of the box