20 minutes ago, Maddus Mattus wrote
He doesn't have to, the guy who caused the collision has to pay. What you as a driver need to do, is to insure yourself against the possibility that the causer of the collision is uninsured.
Having insurance is no guarantee that you'll be compensated. Insurance is highly-regulated, and most states in the US have a Department of Insurance to oversee the insurance business because, like banks, insurance companies can't be trusted to do the right thing on their own.
All the money does belong to them. You get the option to retrieve it and for that option you get some interest. If the bank goes bust, file a claim and stand in line. If the risk of losing your money isn't there, you act reckless with it and so will the bank. Check the recent history, reckless consumers, reckless banks, paying government.
Uh, no. The money belongs to the account holder. The bank is paid to watch the money. When I let a valet park my car, I don't relinquish ownership of the vehicle at any point in time.
And with the bailouts the situation stays the same. We need a bit of pain to change.
The situation doesn't stay the same if the banks are broken up. WE shouldn't have to feel the pain. The banks should be the ones feeling the pain since they're the ones that benefited from growing so large in the first place.
Really? Is there no way to insure against banks collapsing? Odd,..
No, there's no way to insure against a bank collapsing. What can be insured are the accounts, but when banks collapse, there is a far greater economic impact than just the value of assets that the banks hold.
Maybe a business opportunity there for you, be sure to get some government backing.
Again, I have no objections, as long as you do it without government.
Gee, what a surprise. Your obsequiousness to corporations and willingness to bend over and grab your ankles for them is almost sickening. I'm sure you'd be all for government as long as a corporation were in charge of running the government.
That's why they call them life lessons. Why should I pay you for your smashed up car by some hobo?
If you are my family, I would, but you are a stranger. For all I know you have murdered ten people.
That's the way insurance works. If my car gets smashed up, you help pay to get it fixed. If your car gets smashed up, I help pay to fix yours.
The problem is when everybody's car gets smashed up at the same time AND the insurance company not only employees so many people and involved in so many non-insurance related businesses that their insolvency puts an entire nation's economy at risk. That is what is happening with banks as they grow so huge.
This is a hard one. Should someone force me to insure, so that others are more free.
I would say, no. The freedom of the individual is key, because the other guy is an individual as well.
Nearly all governments are retarded, but they never start off that way. People are people, they will always take the easy way out.
And by extension, corporations are people, and they will always take the easy way out. But their motivation goes beyond just being lazy. They're also motivated by greed.
I don't believe it's governments place to play investment banker.
Sure they do, but I get to vote each time I want to buy their products. Not once every four years on some vague promise that they will do a good job this term, honest! That again, is freedom!
You think it's freedom, but it's not. When you buy products, you choose from what's available, and more often than not, it's not exactly what you want. You settle for the best one available, not the best one that could possibly exist.
It's the same with elected officials, but being able to select new ones every 4 years is much better than not having any built-in mechanism at all to replace them. If you don't like Coke or Pepsi, good luck trying to put either of them out of business in favor of somebody else. Ain't gonna happen.
Exactly my point, they are too big too complex and to politicized. They worry about the interests of their voters rather then the interests of their country.
What are you smoking? They ARE supposed to worry about the interests of the voters. The interests of the voters ARE the interests of the country.
The problem is when they forget to worry about the interests of the voters. My goodness, how confused can one person possibly be?
In doing so they provide favors for minorities at the expense of the other minorities, till someone from different minority comes to power. They threaten with war and embargos if you do not play it by their rules. They take our money by force to fund all this and when they come up short they take some more! Meanwhile I've never been robbed on the streets, but get robbed 50% of my income legally each month. They play monetary games for the sake of unity, but spread poverty and violence. I could go on and on.
I think have good reason to distrust them.
First, loosen up your tinfoil hat. You have it on way too tight again.
Second, you need to stop thinking your salary is actually 100% your salary. It's your "potential" salary if you didn't use any of the niceties provided by the government and, by extension, paid for by other taxpayers.
Imagine if everybody's salary were halved, and all you knew of your salary was what you took home. Your employer would pay directly to the government to cover things like national defense and roads. Let's say this amount has no correlation to your earnings, but even if did you have no idea what this amount is. It's privileged information between your employer and the government.
In such a scenario, would you think to yourself: "Damn the government for stealing some vague amount from my company! That money should go to me! If I only knew what that amount is..."
OMG, market failure!
QUICK, deploy the government!
Indeed this one isolated incident should be used to ban all private security corporations.
Good luck getting into the office tomorrow!
If you want to make exemptions to set the rule, how come we still have a government?
If a company fails, it's gone.
When a government fails, it's just still there,. Faces may have changed, but that's about it.
So you want governments to disappear if they fail? You really do want to live in Somalia.