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Old 03-06-2012, 09:16 AM   #101
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Paul, I live in Bermuda one of the reinsurance capitals of the world. I have many friends that work directly in the business in the year 2012. Traders, auditors, partners and the like. I'm going to go ahead and say that trumps you selling office furniture to somebody who sold reinsurance 30 years ago.

If I'm ever interested in what dirt poor third world women have to do to survive, I'll gladly bow to your knowledge.
I'd think we could all agree that this background is on more firm ground than selling them some tables 3 decades ago yes. ;)

I think Paul would agree with this as well if he put the wine down for a few hours..
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Old 03-06-2012, 09:31 AM   #102
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Depending on the magnitude of the disaster, not all states have the resources to deal with it, Katrina being a perfect example of that. Plus, natural disasters don't always occur in areas that are prone to them. You know the biggest fault line in the U.S. is along the Mississippi River? THE HIGHEST EARTHQUAKE RISK in the UNITED STATES outside the West Coast is along the New Madrid Fault which stretches through Missouri, Arkansas, Tennessee and Kentucky, Illinois and Mississippi. The last major earthquake along it was in 1811, so none of the building in St. Louis, Kansas City, Memphis and all the other major cities in the zone are prepared for a major earthquake, which could happen. What about last year when North Carolina, along with a lot of other states that don't usually get them, got wrecked by tornadoes? Shit, there were tornadoes as far up as New Jersey. Sometimes extenuating circumstances require the federal government to intervene.
If and only if the state is unable to help itself, then the government *maybe* would step up and help them. But then that asks the question, why can't the state help? If it is simply because of the size of disaster, yes, they should get federal help. If it is because they can't balance their budget, then I'm sorry about their luck. Maybe next time the people will vote better people into office.
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Old 03-06-2012, 10:37 AM   #103
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Yes Paul somebody has been exposed as a person who knows little and once again it's you.

I didn't say it was THE reinsurance capital, I said and I quote here "One of the reinsurance capitals of the world"
Good to see you supporting business going out of the US then. The Bahamas are players in this market.

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Further proof you once again have no idea what you're talking about. $50Million is nothing. That would be an amount covered by the primary insurer, not reinsurance.

Reinsurance policies are typically taken out to pay claims in EXCESS of a certain amount of money. $50M might be a starting point for that, but more likely it's going to be in the 100s of millions of dollars.

I mean, what do I know? I only know about this stuff from traders and partners actually in the industry. I don't have the benefit of having been a furniture salesman.
$50 million is an estimate of the level of the re-insurer not the total market or the size of some of the companies. As you can see by the amounts paid out the size of the companies at present would in no way cover the cost of the clean ups. Go back to both of the links I have given and see the costs of cleaning up after these disasters. The premiums would rise to cover the costs.

Essentially this is just the "I will give you money." debate. Without looking into the facts. What proof has Ron Paul got that taking disaster relief funding out of the hands of the US Government and giving it over to the private Insurance and reinsurance industries worldwide would save money?

Obviously all the public building and amenities will need to be insured as well. The insurance needs to cover the cost of immediate emergency relief, getting shelter, food, clothing, medical, communications, power to the effected areas. Can't sit around and wait for a risk assessor to go over his figures to allocate the money. In the event of an disaster damaging roads, railway lines, who will pay for the food to be airlifted and the repairs to be got under way ASAP?

Will taking out the Government paying and providing ultimate relief in cases of a disaster, prove cheaper than providing an extra income for all the "Traders, auditors, partners and the like." In the Bahamas, EU, Switzerland and the US?

He's just playing to the masses who think if you take it out of Government hands, it will save money. Until the Government has to step in and rescue the Private Companies.

Glen go away and work out how to make your free tubes a success. That needs your attention a lot more than this.
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Old 03-06-2012, 10:42 AM   #104
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Again. Where is the documented proof that passing over the insurance against disasters to private companies will save money. No anecdotal comments. I want to know how Ron Paul assumes that taking this out of taxes and into the premiums of private companies will save money and provide a better system?

Otherwise he's just blowing smoke up the asses of hicks who think as deeply as a few here.
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Old 03-06-2012, 10:44 AM   #105
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Good to see you supporting business going out of the US then. The Bahamas are players in this market.



$50 million is an estimate of the level of the re-insurer not the total market or the size of some of the companies. As you can see by the amounts paid out the size of the companies at present would in no way cover the cost of the clean ups. Go back to both of the links I have given and see the costs of cleaning up after these disasters. The premiums would rise to cover the costs.

Essentially this is just the "I will give you money." debate. Without looking into the facts. What proof has Ron Paul got that taking disaster relief funding out of the hands of the US Government and giving it over to the private Insurance and reinsurance industries worldwide would save money?

Obviously all the public building and amenities will need to be insured as well. The insurance needs to cover the cost of immediate emergency relief, getting shelter, food, clothing, medical, communications, power to the effected areas. Can't sit around and wait for a risk assessor to go over his figures to allocate the money. In the event of an disaster damaging roads, railway lines, who will pay for the food to be airlifted and the repairs to be got under way ASAP?

Will taking out the Government paying and providing ultimate relief in cases of a disaster, prove cheaper than providing an extra income for all the "Traders, auditors, partners and the like." In the Bahamas, EU, Switzerland and the US?

He's just playing to the masses who think if you take it out of Government hands, it will save money. Until the Government has to step in and rescue the Private Companies.

Glen go away and work out how to make your free tubes a success. That needs your attention a lot more than this.
Why would I care at all about business leaving the USA? I'm not American. I'm not from the United States. It makes no difference at all to me.

There's a very good reason why you would run this type of business from a place like Bermuda. Reinsurance companies don't just collect premiums and sit on the money. They trade and invest those premiums for profit. Basing this type of company out of a location that doesn't have personal or corporate income tax just makes sense.
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Old 03-06-2012, 11:00 AM   #106
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and paul markham derailed yet another thread.
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Old 03-06-2012, 11:05 AM   #107
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The Red Cross is running comercials on the radio, telling everyone how to donate money to help. It was some freaky weather here that day.... I never seen them shut down schools early over tornado warnings. they said it would happen at 5pm. wow they were close!!!! about 4:50 is when shit started going down.

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Old 03-06-2012, 11:23 AM   #108
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Why would I care at all about business leaving the USA? I'm not American. I'm not from the United States. It makes no difference at all to me.

There's a very good reason why you would run this type of business from a place like Bermuda. Reinsurance companies don't just collect premiums and sit on the money. They trade and invest those premiums for profit. Basing this type of company out of a location that doesn't have personal or corporate income tax just makes sense.
And putting Disaster Relief costs into the hands of people outside the US, who gamble the money on the markets makes sense to you.

Seems I win and you lose. Unless you're going to tell us the markets are a sure fire winner for making money.

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and paul markham derailed yet another thread.
No morons did that. Thinking putting all this into the hands of companies outside the US, who are clearly not equipped to deal with the costs and even some who think giving it to gamblers on the markets derailed this thread.

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Old 03-06-2012, 11:28 AM   #109
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And putting Disaster Relief costs into the hands of people outside the US, who gamble the money on the markets makes sense to you.

Seems I win and you lose. Unless you're going to tell us the markets are a sure fire winner for making money.
Paul, you haven't won anything. If you really want to make a win/lose comparison between you and me let's look at the industry we're both in. You barely make it by month to month on a shitty little goverment pension after 30 years in the industry. I make more than your pension in the first few days of the month and spend less time working each month than you do posting on GFY.
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Old 03-06-2012, 11:36 AM   #110
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We can argue all day about what should have been done in advance of the disaster, who should pay for the cleanup, whether or not the locals should receive any assistance other than that they are due under their insurance policies, etc. etc. -- but that debate won't bring us any closer to crafting a solution that will make a difference, either now or in the future.

Me, I'm all about solutions -- so when I look at the tornado destruction, what I see is an opportunity for a compromise that could address two high profile funding-related controversies at the same time:

Let's send the tornado victims thousands of crates filled with contraceptives.

Think of all the benefits this move would provide, all at once!

* Once all the contraceptives have been removed and distributed, uninsured local citizens can establish residence in the empty crates left behind.

* Any "sluts" living in the area won't have to worry about where to find aspirin to squeeze between their knees.

* Over time, the mass influx of contraceptives might even lead to there being fewer prospective tornado victims living in the area to begin with.

See? It's not so hard to fashion a real solution to the country's problems; you simply have to be willing to think outside the box (and/or be willing to live inside of one).
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Old 03-06-2012, 11:36 AM   #111
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Paul, you haven't won anything. If you really want to make a win/lose comparison between you and me let's look at the industry we're both in. You barely make it by month to month on a shitty little goverment pension after 30 years in the industry. I make more than your pension in the first few days of the month and spend less time working each month than you do posting on GFY.
Can't compare if you don't put up your side as proof of what you earn. No vague replies, or I told you before. Post proof you earn more than my pensions.

Of course a real comparison would be your whole time in the industry against mine. A "I earn more than a retired man." Is lame. Good level for you.

Still lets put it all in the hands of these guys. http://www.bbc.co.uk/news/business-17269048

Until the Government has to step in a hit them with fines to make them pay back their scams.

PJ, are you going to blame WC for derailing the thread with his replies? (WC = toilet )
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Old 03-06-2012, 11:38 AM   #112
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another thread derailed.
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Old 03-06-2012, 11:40 AM   #113
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Free market trumps the government every day of the week and twice on Sunday....anyone who supports the government, unless you work FOR the government, needs to have their head checked
you think the world is run by aliens who live in the middle of the earth. you are the last person to tell anyone to get their head checked.
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Old 03-06-2012, 11:41 AM   #114
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Free market trumps the government every day of the week and twice on Sunday....anyone who supports the government, unless you work FOR the government, needs to have their head checked
Until the Government has to step in to rescue their asses.
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Old 03-06-2012, 11:44 AM   #115
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The question is if the taxpayers should be on the hook for everything.

There is no question that private individuals and charities should help in such cases.
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Old 03-06-2012, 11:47 AM   #116
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From what? The government fails each and every time
must be nice to live in such a simple and stupid reality.
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Old 03-06-2012, 11:48 AM   #117
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From what? The government fails each and every time
private industry got us to the moon.
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Old 03-06-2012, 11:49 AM   #118
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Can't compare if you don't put up your side as proof of what you earn. No vague replies, or I told you before. Post proof you earn more than my pensions.
Normally Paul I couldn't be bothered to prove it to you and would just point out that what's good for the goose is good for the gander and you've offered no proof you have any pensions at all.

I'm going to make an exception this time around and post the stats for a site I started selling at the begining of February. One site Paul, out of the 25 or so I actively promote.



These stats are for one video posted on a tube. Event hough we all know tubes can't sell memberships.

Your turn or would you rather just concede the checkmate?
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Old 03-06-2012, 12:00 PM   #119
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So Paul worked for the government and earns a pension? LOL
Paul might be senile and confused but you're a flat out whack job. Just stay out of it.
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Old 03-06-2012, 12:05 PM   #120
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Is this true? There are hollow earth aliens? They run the world?
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Old 03-06-2012, 12:17 PM   #121
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You know in retrospect it's not cool to shatter an old man's tiny little World with the truth. Stats removed.

You're right Paul, you totally win.
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Old 03-06-2012, 12:17 PM   #122
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So Paul worked for the government and earns a pension? LOL
do you even know what a pension is? i may lack "philosophy" but i know how that program works.
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Old 03-06-2012, 12:54 PM   #123
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For the government? Yes, they mortgage the future of the unborn to pay for the retirement of people not bright enough to work in the private sector. The money is extracted at gun point from the rest of us, and the unborn to pay for them. It can't last much longer though...mathematically impossible
that you think that the only way paul could have a pension is to have worked for the government shows how little you know about reality and how simple you are.

before you go and discover the secrets of the universe you should actually learn how reality works first.
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Old 03-06-2012, 01:00 PM   #124
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What does ron paul have anything to do with me and what are you talking about?
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Old 03-06-2012, 01:00 PM   #125
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What does ron paul have anything to do with me and what are you talking about?
paul markham retard. you know the guy with the pension who must have worked for the government?
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Old 03-06-2012, 01:58 PM   #126
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this is what tornado relief would look like for the majority of people in ron paul's libertarian utopia.

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Old 03-06-2012, 02:08 PM   #127
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No, that's what the governments looks like...I love you act AS IF the government actually works...when it doesn't. Its an utter, epic failure
how did we get to the moon?
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Old 03-06-2012, 03:05 PM   #128
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Guys guys guys ... HOLLOW EARTH ALIENS?!!
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Old 03-06-2012, 03:36 PM   #129
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this is what tornado relief would look like for the majority of people in ron paul's libertarian utopia.

And praying is effective as the government at fixing problems.
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Old 03-06-2012, 04:17 PM   #130
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If we're going to help natural disaster victims get into new homes, we may as well help everyone who's not currently in a home get into new homes. Otherwise, it's playing favorites and it makes no sense for anyone in a natural disaster area to buy home insurance when they could get bailed out if the worst happens anyways.

My neighbor's house could accidentally burn down tonight and there would be no national cavalry to help him. What makes natural disasters different, especially ones that happen in places where they always happen?

If the govt pays for it, why not the state govt instead of the federal govt?
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Old 03-06-2012, 09:54 PM   #131
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and paul markham derailed yet another thread.
Not like Johnny was taking it anywhere.
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Old 03-06-2012, 10:07 PM   #132
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Right, because forcing people to pay for other people isn't wrong or anything
You're free to leave the Country, renounce your citizenship and then you won't be "forced" to pay any Federal taxes. Of course, you don't sound like a very good candidate for citizenship anywhere else so I guess you're stuck with it after all.
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Old 03-06-2012, 10:21 PM   #133
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I don't want to move anywhere and have every right not to...dont give me that nonsense, I guess the jews could have moved out of nazi germany
Well unfortunately in order for people to live together in a civil society, all kinds of compromises have to be made. There's no country on Earth that will accomdate your wants. That's something you're powerless to change so you'd better get used to it.

So you're free to stay or leave, but if you stay you're going to be paying taxes or you're right you'll be removed from society by force. That's the way it is.

Your ranting and raving is somewhere between lunacy and an angry child stamping her feet because her father won't allow her to have ice cream.
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Old 03-06-2012, 10:28 PM   #134
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Terrible post ....absolutely terrible...
Yes I'm sure to your crazy mind it is. It's absolutely true though.

I did neglect to mention one thing. You also have the right to gather like minded individuals and petition the government, or even form a new government with enough support, and make the changes you'd like to see. Of course that's not really an option because the majority of people live in the real world and not the fantasty land you do.

Enjoy your torment at the hands of society.
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Old 03-06-2012, 10:32 PM   #135
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Totally agreed. You can't ask the government to play mommy and daddy without also having them tell you what you can and cannot do/watch/say. It doesn't work that way.

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What he said was that Federal money should not be used, that they should have insurance, like the rest of us. If your house burns down, does federal aid step in? And should it?


""There is no such thing as federal money," Paul said. "Federal money is just what they steal from the states and steal from you and me." While there is a role for the National Guard in these sorts of disasters, according to Paul, the Federal Emergency Management Agency usually does little but frustrate people. "To say that any accident that happens in the country, send in FEMA, send in the money, the government has all this money?it is totally out of control, and it's not efficient," Paul said."

AS for your "this is what freedom looks like" comment... They were free to build in that area, or not, and they were free to get insurance or not. However we are NOT free to decide if we have to pay taxes or not to give to them. That is FORCED on us. Remember, we aren't talking about charity here, we are talking about money taken by force and then given to others.


The real test of principles is when they will stand up even in a situation where people like you will obviously jump on the emotional aspects in order to twist things around.


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Old 03-06-2012, 10:33 PM   #136
WarChild
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Originally Posted by JohnnyClips View Post
No, thats what the government wants you to do.

You don't even see the big picture. Just another brainwashed sheep
You should really seek professional help. You'll probably find life more enjoyable if you make an attempt to deal with your mental issues.
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Old 03-06-2012, 10:39 PM   #137
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Interestingly enough, I don't like paying taxes either. What did I do about it? I moved to an island paradise with no income tax.

See, there's two types of people in this world. Those with dreams of how they'd like things to be and those who make things the way they'd like them to be. Owing to your very limited ability to cope with real world issues you'll always be a member of the first group while I'll enjoy being a member of the second. Nothing you can type on GFY will ever change that. Enjoy the frustration.
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Old 03-06-2012, 10:49 PM   #138
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Interestingly enough, I don't like paying taxes either. What did I do about it? I moved to an island paradise with no income tax.

See, there's two types of people in this world. Those with dreams of how they'd like things to be and those who make things the way they'd like them to be. Owing to your very limited ability to cope with real world issues you'll always be a member of the first group while I'll enjoy being a member of the second. Nothing you can type on GFY will ever change that. Enjoy the frustration.
First off... Fucking A right, man. Second... Love the avatar!
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Old 03-06-2012, 10:52 PM   #139
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First off... Fucking A right, man. Second... Love the avatar!
Thanks. I'm in the process of trying to open a Gracie Barra school in Bermuda. They currently don't have any formal BJJ on the island.
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Old 03-06-2012, 10:57 PM   #140
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Johnny: do you have zeitgiest movie tatted on your stomach? ZEITGEIST LIFE
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Old 03-07-2012, 12:48 AM   #141
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Unless one of the people on my ignore list has posted the costing of insuring everything via the public sector v the private sector. It's all guess work.

Which one is the most cost efficient and less risks of failure? Neither is perfect.

If an insurance or reinsurance company goes bankrupt because of the enormous damages does the US Government step in to rescue the company or just pick up the bill for the clean up?

This could be a private company in The Bahamas where the directors traders, partners were not spotlessly white and just part of a pyramid scheme. Or had invested the premiums in these companies or Greek Debt Bonds.

It's all academic as Ron Paul has no chance of getting his ideas adopted.
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Old 03-07-2012, 12:52 AM   #142
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Interestingly enough, I don't like paying taxes either. What did I do about it? I moved to an island paradise with no income tax.

See, there's two types of people in this world. Those with dreams of how they'd like things to be and those who make things the way they'd like them to be. Owing to your very limited ability to cope with real world issues you'll always be a member of the first group while I'll enjoy being a member of the second. Nothing you can type on GFY will ever change that. Enjoy the frustration.
Ouch.
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Old 03-07-2012, 01:23 AM   #143
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There are no free rides. Either you pay for it this way or you pay for it that way. Unless you're one of those who should be looked after.

So will paying for Disaster relief via private companies cost less than paying for it in your taxes?

Well a quick look can tell us about private health care cost v public health care costs.



http://en.wikipedia.org/wiki/Health_...ry_comparisons





http://www.npr.org/templates/story/s...ryId=110997469

Quote:
The United States spends more on medical care per person than any country, yet life expectancy is shorter than in most other developed nations and many developing ones. Lack of health insurance is a factor in life span and contributes to an estimated 45,000 deaths a year. Why the high cost? The U.S. has a fee-for-service system?paying medical providers piecemeal for appointments, surgery, and the like. That can lead to unneeded treatment that doesn?t reliably improve a patient?s health. Says Gerard Anderson, a professor at Johns Hopkins Bloomberg School of Public Health who studies health insurance worldwide, ?More care does not necessarily mean better care.? ?Michelle Andrews


Now then anyone who thinks that moving it to the private sector won't mean them paying for a disaster in another part of the country, or the rebuilding of another persons home, knows nothing about how the insurance industry works.

If I need to explain it, then you shouldn't be posting here.
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Old 03-07-2012, 01:24 AM   #144
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200 insurance policies later.
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