I think any intelligent person would want to contribute to such a system. But ideally shouldn’t be forced.
I think it’s a matter of education, not (just) intelligence: If you understand how insurance and social security and all that work (and you trust the ones administering the funds do so fairly and faithfully), then you’ll probably be willing to pay for peace of mind. Intelligent people can still make mistakes or underestimate risk, so I wouldn’t trust them to arrive at that conclusion on their own, but they’ll probably understand the reasoning more easily than others. Conversely, I think less intelligent people can understand it as well, though they may require a different or more personal approach for explanation.
I think it’s a matter of education, not (just) intelligence: If you understand how insurance and social security and all that work (and you trust the ones administering the funds do so fairly and faithfully), then you’ll probably be willing to pay for peace of mind. Intelligent people can still make mistakes or underestimate risk, so I wouldn’t trust them to arrive at that conclusion on their own, but they’ll probably understand the reasoning more easily than others. Conversely, I think less intelligent people can understand it as well, though they may require a different or more personal approach for explanation.
Absolutely. Education is a better term I agree.