Zone1 What is Wrong with Inequality?

[AZrailwhale]

And what happens if that "correct coverage" is too expensive? What happens if that stops you earning money?

Again, there are plenty of situations out there which are a changing world that can scupper your plans. Some people get lucky, some people don't buy insurance and have no problems, others buy insurance and the insurance company says "we don't want to pay out, go away".

It isn’t luck, it’s proper preparation. As we used to say in the Army: “proper prior planning prevents piss poor performance”.

 

[frigidweirdo]

It isn’t luck, it’s proper preparation. As we used to say in the Army: “proper prior planning prevents piss poor performance”.

Say for example you buy a building, and you buy insurance. The insurance costs you 10% of the amount of money you make.

Then a natural disaster strikes and the insurance companies in the area all bump up the price of insurance to say 70% of the amount of money you're making. Is that about "proper preparation" or is this just 9a changing world and bad luck?

Proper preparation can, in many cases, make that difference, but at the same time there is an element of luck about everything. People buy a home in a nice area. Ten years later property prices have dropped massively, happened in Detroit.

How do you properly prepare for that?

 

[AZrailwhale]

Say for example you buy a building, and you buy insurance. The insurance costs you 10% of the amount of money you make.

Then a natural disaster strikes and the insurance companies in the area all bump up the price of insurance to say 70% of the amount of money you're making. Is that about "proper preparation" or is this just 9a changing world and bad luck?

Proper preparation can, in many cases, make that difference, but at the same time there is an element of luck about everything. People buy a home in a nice area. Ten years later property prices have dropped massively, happened in Detroit.

How do you properly prepare for that?

The insurance companies can only raise rates for future coverage. If they pull that you find a better company, or if all fails, start a co-op insurance company. Insurance companies are a license to print money, actuaries can accurately forecast expenditures over the long term.

 

[AZrailwhale]

Say for example you buy a building, and you buy insurance. The insurance costs you 10% of the amount of money you make.

Then a natural disaster strikes and the insurance companies in the area all bump up the price of insurance to say 70% of the amount of money you're making. Is that about "proper preparation" or is this just 9a changing world and bad luck?

Proper preparation can, in many cases, make that difference, but at the same time there is an element of luck about everything. People buy a home in a nice area. Ten years later property prices have dropped massively, happened in Detroit.

How do you properly prepare for that?

Simple you sell as the condition occur to cause the fall in value, any intelligent person could forecast the fall of Detroit when the city lost its tax base and actually increased spending.

 

[frigidweirdo]

The insurance companies can only raise rates for future coverage. If they pull that you find a better company, or if all fails, start a co-op insurance company. Insurance companies are a license to print money, actuaries can accurately forecast expenditures over the long term.

Sigh.

 

[AZrailwhale]

Sigh.

Yeah, sigh, talking to you is like talking to a brick wall.

 

[frigidweirdo]

Yeah, sigh, talking to you is like talking to a brick wall.

Welcome to the ignore list.

 

[Stryder50]

Inequality existed back in the past. The rich had a lot of money, and the poor had almost nothing. Was that good?

We're far more equal now. The problem is that the rich are using their wealth to enrich themselves and impoverish the poor. Why? Supposedly there's an electoral system where the poor can vote for their own interests. But no, the electoral system doesn't really allow that, it forces the poor to vote for two people who are usually out to enrich themselves and do the bidding for the rich.

Time to change the electoral system.

Time for you and your fellow dolts to learn some basic economics.

The "rich" don't stuff their money into coffee cans to bury in the back yard.

They invest their money/wealth into enterprises that hopefully will prosper and profit. Yes this may increase their own wealth, but often these ventures create jobs and opportunities for others to also make money/wealth. Also they often improve and grow the economy in general.

The poor's "own interest" should be on how to work to earn more money and this can often mean learning new skills or finding a better employer.

"inequality" is built into Nature and the operating systems of the Universe. You can't change, such, but can learn ways to deal with it and also make it work for you.

 

[frigidweirdo]

Time for you and your fellow dolts to learn some basic economics.

The "rich" don't stuff their money into coffee cans to bury in the back yard.

They invest their money/wealth into enterprises that hopefully will prosper and profit. Yes this may increase their own wealth, but often these ventures create jobs and opportunities for others to also make money/wealth. Also they often improve and grow the economy in general.

The poor's "own interest" should be on how to work to earn more money and this can often mean learning new skills or finding a better employer.

"inequality" is built into Nature and the operating systems of the Universe. You can't change, such, but can learn ways to deal with it and also make it work for you.

Perhaps you could learn some manners, but you're on my ignore list already, so who cares?

 

[AZrailwhale]

Welcome to the ignore list.

Thanks, from you that’s a badge of honor.

 

[Stryder50]

Perhaps you could learn some manners, but you're on my ignore list already, so who cares?

I don't care what a know-nothing commie like you has to say.
My reply is only a counter to inform others who might think you have merit, or useful content.

 

[citygator]

So you want to trash the system because ONE PERCENT is too stupid to apply for insurance or are illegal aliens who don't qualify. Good plan there.

30M people are uninsured and another 20m will lose it with this bill. Trump is the one trashing the system with this bill. Did you respond to the right person?

 

[rightwinger]

Then you find a different prospective employer. Good medical insurance was a cheap way to attract good employees before Obamacare ruined everything.

And that is the problem

Why should you restrict your job choices because of health insurance?
What if you want to open your own business but can’t because of health issues?

 

[dblack]

And that is the problem

Letting ourselves become dependent on employers for health care was a bad mistake. Letting ourselves become dependent on government for health care would be an even worse mistake.

 

[rightwinger]

Letting ourselves become dependent on employers for health care was a bad mistake. Letting ourselves become dependent on government for health care would be an even worse mistake.

Veterans do it
Seniors do it
Millions of Federal Employees do it
Those on Medicaid do it

 

[dblack]

Veterans do it
Seniors do it
Millions of Federal Employees do it
Those on Medicaid do it

Yep. Good thing we're not all doing it.

 

[rightwinger]

Yep. Good thing we're not all doing it.

They don’t seem to want to give up their government insurance

 

[dblack]

They don’t seem to want to give up their government insurance

Yes. That's the nature of dependency.

 

[rightwinger]

Yes. That's the nature of dependency.

Absolutely
People depend on their healthcare

Why is Trump taking it away?

 

[dblack]

Absolutely
People depend on their healthcare

Why is Trump taking it away?

Because he's an asshole. That's why we don't want to be dependent on government for healthcare.