Governments change. Their leaders change. Even with the same leaders, their whims change.

Every bit of power you give them to do what you want will be used against you when the next change happens.

Everyone cozying up to the new administration in America would do well to remember that. Do you really want the next Democrat to have all that power? Even if you are 100% aligned with Trump and he establishes a Republican dictatorship, he is still mortal, and over 78 years old.

Time preference isn't just about how you save your money.