About Wonks Anonymous and would like to make sure that he will be comfortable in his senility, and not burden his family or the state with the costs or his care.

In order to insure this happy outcome California would like to introduce Wonks Anonymous to several fine insurance companies who will collect regular monthly premiums from him in return for a, most likely incomprehensible, contract that purports to promise to pay for care during Wonks Anonymous dotage.

Except of course if the stock markets go south again in which case Wonks Anonymous accumulated premium payments will no doubt vanish. Or the company is bought out by an investor group that wants to increase returns and puts a bank of phone flunkies on the task of repeatedly denying payments due under contract. Or maybe someone's drunken uncle will just mislay the investment portfolio.

In which case Wonks Anonymous will be thousands of dollars poorer and the California will still wind up paying for his dotage.

Wonks Anonymous suggests that the state eliminate the middleman and take taxes from Wonks Anonymous to pay for the long term care of current dotards.

But what would the insurance salesmen, actuaries and phone flunkies do? The worlds saddest song. . .