You're not answering my question. I trust myself, heck you seem smart enough, I even trust you. I don't trust large sections of my country and you don't have a solution for dealing with the people who decide to spend their money irrationally.
You can not call America a libertarian country and wave it like an example. Its far from it and thankfully so. The most economic success this country has seen in the last 25 years was the eight were it was run by democratic leader (you know the tax more spend more people).
Likewise India's success in the last 25 years is great, but its a bit hard to show that as an example when it houses 1/3 of the worlds poor and 42% live beneath the international poverty line.