 RARPSL
join:1999-12-08
Suffern, NY | State Mandated Gambling If you want to be accurate, the fact that the State REQUIRES that you have insurance as a prerequisite for being granted the right to drive is a form of mandated gambling. They force you to gamble (by paying the insurance company) that you will have an accident that will cost more than the money that you pay as premiums. If you never have to file a claim (as is the overwhelming probability) for more than your cumulative premiums, you "lose" your bet. |
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 SteveI know your IP addressConsultant
join:2001-03-10
Yorba Linda, CA
kudos:5 | said by RARPSL:If you want to be accurate, the fact that the State REQUIRES that you have insurance as a prerequisite for being granted the right to drive is a form of mandated gambling. No: it's insuring that you'll be responsible for harm you cause to others. |
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RARPSL
join:1999-12-08
Suffern, NY | said by Steve:said by RARPSL:If you want to be accurate, the fact that the State REQUIRES that you have insurance as a prerequisite for being granted the right to drive is a form of mandated gambling. No: it's insuring that you'll be responsible for harm you cause to others. Which can just as well be handled with a escrowed payment or other forms of funds that are pledged while remaining your property until needed. |
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mc5w
join:2002-06-14
Independence, OH | Nobody profits from an automobile accident except the insurance companies, the car dealers, and the car loan people.
An automobile accident stuck me with an upside down car with a high interest loan - this used car actually costy more than a new car but with my limited income as an apprentice electrician the car dealer and the bank crammed what they could down my throat. Later on, somebody in a big Cadillac shoved 2 cars into my rear end and drove off. Had to store it and pay for storage for nearly a year before I got the car loan paid down enough to transfer the balance to a credit card and scrap the car.
Ohio allows posting of a hefty cash bond instead of insurance which means that the rich ( or just big ) companies can be their own insurance companies.
If somebody runs into you and puts you in the hospital, would you want THEIR insurance to pay for it?
The only gambling that is forced with car insurance is that the National City Lines conspiracy destroyed public transportation in most areas of the U.S. forcing us to buy cars. |
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SteveI know your IP addressConsultant
join:2001-03-10
Yorba Linda, CA
kudos:5 | reply to RARPSL
said by RARPSL: Which can just as well be handled with a escrowed payment or other forms of funds that are pledged while remaining your property until needed. I believe that California allows for a form of self insurance as you suggest - would you actually use that option if it were available?
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Stephen J. Friedl | Unix Wizard | Microsoft Security MVP | Orange County, California USA | my web site |
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