At least property taxes do us all some good, whether you agree with how they’re ALL spent or not. You benefit from how some of it is spent, we all do.
Insurance goes up just to increase profits and keep the line going up. We’re being ripped off. They all use the phrase “free market” sarcastically. They’re definitely conspiring.
For profit insurance is definitely a scam, non profit can help offset long term risk but I don’t think any home insurers are non profit or if they are maybe just regional
Fun fact, if you do itemized tax returns, you can make cash donations to your school, fire department or road authority, etc. and get a receipt and then deduct that from your taxes, it’s basically forcing your state to spend your taxes where you want it spent.
Note: it’s been a long ass time since I did itemized returns, your mileage/laws may vary.
other countries do it all the time. have been for the last 25 years.
why is healthcare such a difficult problem to solve for in the US? because it’s being used as a political wedge to keep Americans focused on it instead of the blatant corruption of the bourgeoisie.
socialized systems work, full stop. the only reason why they fail is because of corruption and greed of the power that is supposed to protect and serve the people.
Yep, blame climate change. The more natural disasters the more they need to pay out. Would be cool if we still had the smaller guys that only specialize in your local area.
Why does my policy need to go up in MI when there’s a hurricane in FL? Because national insurance pulls from the same pot.
Is national insurance the name of a privatised insurance company in the US?
Cos here in the UK that’s what they call the more regressive part of our tax system that’s notionally earmarked for public health, state pension, unemployment benefit, etc…
I don’t think so. I think the previous poster means that most insurers serve a nationwide (or international) audience. So in terms of pooled risk, the Florida hurricanes and California wildfires aren’t separate risk pools.
On your other point of comparison, we do have similar things in the states. Lots of gov programs that have “insurance” in the name, but if they ever were pooled risk insurance, they’ve morphed into social welfare programs a long time ago. They vary by state, and sometimes county, but they include Unemployment Insurance, Workers Compensation Insurance, Disability Insurance, Medicare, Medicaid, and even old age pension (called Social Security). Some of these, like Workers Compensation have private market competition, where others do not.
We also have agencies like FEMA that aren’t insurance, but have become a sorta relief mechanism for large scale catastrophic events. We also have things like the California Earthquake Authority, which provides earthquake insurance. I have no idea if it’s genuinely pooled risk or not, but it’s like an order of magnitude cheaper than commercial earthquake insurance was when we had before CEA existed.
Then we have a heap of programs and agencies that provide insurance (or assurance of some sort) to industries. FDIC insures bank deposits. FNMA, FHA, et al insure (or provide liquidity) to mortgage lenders. And on and on. There are probably more forms of state run or state sponsored insurance than any one person knows. There might even be some company or program called National Insurance, but not that I’m aware of.
At least property taxes do us all some good, whether you agree with how they’re ALL spent or not. You benefit from how some of it is spent, we all do.
Insurance goes up just to increase profits and keep the line going up. We’re being ripped off. They all use the phrase “free market” sarcastically. They’re definitely conspiring.
Of course they are, and increasingly with houses and cars, people are choosing to raw dog it and gamble.
Up to 1 in 5 drivers.
https://www.usnews.com/insurance/auto/uninsured-driver-crisis-milestone
That’s a funny way of saying “don’t have enough money for it even if it wasn’t garbage”
For profit insurance is definitely a scam, non profit can help offset long term risk but I don’t think any home insurers are non profit or if they are maybe just regional
Agreed. I’d rather my money go to the public school system, public infrastructure, etc. Fuck insurance profits.
Fun fact, if you do itemized tax returns, you can make cash donations to your school, fire department or road authority, etc. and get a receipt and then deduct that from your taxes, it’s basically forcing your state to spend your taxes where you want it spent.
Note: it’s been a long ass time since I did itemized returns, your mileage/laws may vary.
it’s almost like insurance should be socialized instead of subsidized.
Lol. Sure, like healthcare.
other countries do it all the time. have been for the last 25 years.
why is healthcare such a difficult problem to solve for in the US? because it’s being used as a political wedge to keep Americans focused on it instead of the blatant corruption of the bourgeoisie.
socialized systems work, full stop. the only reason why they fail is because of corruption and greed of the power that is supposed to protect and serve the people.
A lot of it goes into premium payments.
Yep, blame climate change. The more natural disasters the more they need to pay out. Would be cool if we still had the smaller guys that only specialize in your local area.
Why does my policy need to go up in MI when there’s a hurricane in FL? Because national insurance pulls from the same pot.
Is national insurance the name of a privatised insurance company in the US?
Cos here in the UK that’s what they call the more regressive part of our tax system that’s notionally earmarked for public health, state pension, unemployment benefit, etc…
I don’t think so. I think the previous poster means that most insurers serve a nationwide (or international) audience. So in terms of pooled risk, the Florida hurricanes and California wildfires aren’t separate risk pools.
On your other point of comparison, we do have similar things in the states. Lots of gov programs that have “insurance” in the name, but if they ever were pooled risk insurance, they’ve morphed into social welfare programs a long time ago. They vary by state, and sometimes county, but they include Unemployment Insurance, Workers Compensation Insurance, Disability Insurance, Medicare, Medicaid, and even old age pension (called Social Security). Some of these, like Workers Compensation have private market competition, where others do not.
We also have agencies like FEMA that aren’t insurance, but have become a sorta relief mechanism for large scale catastrophic events. We also have things like the California Earthquake Authority, which provides earthquake insurance. I have no idea if it’s genuinely pooled risk or not, but it’s like an order of magnitude cheaper than commercial earthquake insurance was when we had before CEA existed.
Then we have a heap of programs and agencies that provide insurance (or assurance of some sort) to industries. FDIC insures bank deposits. FNMA, FHA, et al insure (or provide liquidity) to mortgage lenders. And on and on. There are probably more forms of state run or state sponsored insurance than any one person knows. There might even be some company or program called National Insurance, but not that I’m aware of.
No, they mean the private insurance company operates nationwide. There are several of them in the US