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I think it is rational to worry about the consequences of private nuke ownership, and unless we become a space-faring species, I think the negative consequences of nuke legalization MIGHT outweigh the benefits of reduced government interference in private business. Not every rich or powerful person who might want to acquire a nuke is perfectly sane. Look at Ahmadinejad.
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Please tell me that you're grossly understating the situation for comic effect.