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Shame Boy posted:I feel like using the loving cato institute to make this point is cheating who cares about a 7 word search term that gets less than 100 searches a month that cato paid someone a lot of money to very specifically SEO. people searching that term aren't looking for answers to questions, they're looking to have their views reinforced, that article entices them to stick to the page, google thinks its a good resource, bam, now it's the Featured Answer until a different article with better links and stickier user behavior supplants it, an ever-increasing arms race of mostly irrelevant links and social media mentions. the age old search engine problem in a nutshell. this dork cherry picked a search term to generate maximum controversy. google 'us high speed rail' which is a much more likely term for joe google to use at 10 to 100x the monthly search volume and the results are real different boar guy has issued a correction as of 17:55 on Mar 31, 2022 |
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Mar 31, 2022 17:51
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Mar 31, 2022 19:28
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hell yeah
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Mar 31, 2022 19:40
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the system works
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Mar 31, 2022 19:43
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Relevant Tangent posted:New cars are going for $15k over the blue book value. drat I had no idea, glad I bought in 2019 Pepe Silvia Browne posted:I hate my car and don't want to keep it but my lease is ending this summer and at this point, it would be leaving free money on the table to just walk away and not buy it out for the price that was agreed upon in 2018 lol they do 5 year leases?? what the heck
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Mar 31, 2022 19:46
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indigi posted:I’ve heard awful stories about USAA when it comes time to collect Which makes them, an insurance company.
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Mar 31, 2022 22:50
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I have USAA and the one time I've had to make an insurance claim it was a simple and fast process and they've otherwise been Fine, thanks for reading my yelp review
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Mar 31, 2022 23:26
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indigi posted:I’ve heard awful stories about USAA when it comes time to collect I used to work for a law firm that defended insurance companies, and they're, like, the one insurance company I never heard this about. Also, anecdotally, I got hit by a dude who was insured by USAA, and was holding a check by the next week. My insurance agent said he'd never seen anything like it.
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Mar 31, 2022 23:39
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breaking and entering/burglary is one thing that cops will pretend to do something about so somehow I doubt that this is an accurate summary of the situation
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Apr 1, 2022 00:12
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@things_that_didnt_happen
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Apr 1, 2022 00:15
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I think the twitter username @vote_bitcoin might be lying guys
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Apr 1, 2022 00:17
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Shame Boy posted:I have USAA and the one time I've had to make an insurance claim it was a simple and fast process and they've otherwise been Fine, thanks for reading my yelp review same, op
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Apr 1, 2022 00:18
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Judges doing justice of the peace poo poo like eviction court have infinite power and zero oversight, just lol at the idea that the judge was like "gosh I'd love to help ya, but joe biden called me and said 'gay abortions'!"
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Apr 1, 2022 00:34
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TehSaurus posted:@things_that_didnt_happen gee really
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Apr 1, 2022 00:57
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I bought a car in 2013 for 21k. Over the next 3 years it needed about $6k worth of repairs from body and frame damage. In 2016, when I totalled the car with 50k miles on it, USAA gave me 19k for it.
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Apr 1, 2022 01:16
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the insurance company giving someone more than scrap value for their vehicle lol
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Apr 1, 2022 04:18
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https://twitter.com/Shut_downAmazon/status/1497131305980551168?cxt=HHwWgICzsbO_8MYpAAAA
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Apr 1, 2022 04:43
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happyhippy posted:They will try not to pay for it and look for any loophole or minor thing you haven't completed or admitted to not pay for it. Most definitely
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Apr 1, 2022 04:53
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No, tax prep companies aren't to blame, it's that silly progressive tax system that makes it so complicated! Why didn't I think of that? https://twitter.com/PolicemanMeme/status/1509587399143268357?t=6zv5hUZo6PlpYkL-tzce0g&s=19
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Apr 1, 2022 13:08
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Panfilo posted:No, tax prep companies aren't to blame, it's that silly progressive tax system that makes it so complicated! Why didn't I think of that? 
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Apr 1, 2022 13:26
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forum timeouts are reactionary bourgeois capitalism
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Apr 1, 2022 13:27
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Panfilo posted:No, tax prep companies aren't to blame, it's that silly progressive tax system that makes it so complicated! Why didn't I think of that? that guy got one mild bit of attention for a takedown of a meme about CRT a year and a half ago and has been chasing that high ever since despite nothing since getting more than 5 faves
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Apr 1, 2022 13:30
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One time I filed a claim on my homeowner's insurance for $1800 when my bike got stolen, they actually accepted the claim and it was not a problem at all. Then they increased my insurance by nearly 80% because I now live in a high crime area because I filed a theft claim. No matter what you do the insurance company will find a way to screw you, it's an industry that has been writing laws for themselves for decades now. They have gamed out every scenario and they also know they will just get free bailout money if things get bad enough. I haven't had to deal with health insurance companies much, but my understanding is they are about 10x worse. Pryor on Fire has issued a correction as of 13:36 on Apr 1, 2022 |
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Apr 1, 2022 13:34
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Pryor on Fire posted:One time I filed a claim on my homeowner's insurance for $1800 when my bike got stolen, they actually accepted the claim and it was not a problem at all. Then they increased my insurance by nearly 80% because I now live in a high crime area because I filed a theft claim. Is insurance the worst industry? God knows they have a lot of competition
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Apr 1, 2022 14:26
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Milo and POTUS posted:Is insurance the worst industry? God knows they have a lot of competition it's gambling premised on you getting a good outcome for your life being a loss and you getting a bad outcome for your life being a win. it incentivizes people to want to get rearended if they have a lovely car or want a dead tree branch to fall on their house to get necessary maintenance work done. idk about worst since Energy is gonna cook the planet and all, but definitely the most psychically damaging
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Apr 1, 2022 14:32
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Insurance seems to run on the same algorithm that bookies do. Designed in such a way to guarantee a profit no matter the outcome.
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Apr 1, 2022 15:05
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Panfilo posted:Insurance seems to run on the same algorithm that bookies do. Designed in such a way to guarantee a profit no matter the outcome. They are called actuaries and yes that is their job. My grad level stats teacher said half his friends are actuaries and the other half are gamblers. The entire class was built around casino table games and odds.
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Apr 1, 2022 15:16
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Milo and POTUS posted:Is insurance the worst industry? God knows they have a lot of competition It's not worse than other industries, it's just more obvious because as a customer you're not exchanging money for a good that you may value differently than the seller, you're just exchanging money for less money and everyone can see that it's a bad deal.
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Apr 1, 2022 15:22
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poemdexter posted:They are called actuaries and yes that is their job. My grad level stats teacher said half his friends are actuaries and the other half are gamblers. The entire class was built around casino table games and odds. It's a running joke that insurance maths, which is a degree you can take in Copenhagen, is the absolutely most surefire way to make ridiculous amounts of money right after graduating. The reason is that it's both boring (to most people), complicated and low prestige, but generates a lot of value for the insurance companies. And that value comes, by definition, from not paying out. Insurance would be cool and good if it was a good faith communal thing, but all real life examples are ...bad.
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Apr 1, 2022 15:24
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It's a weird industry where they make the most money for shareholders by providing the least amount of service possible. The majority of money spent in insurance is figuring out how not to spend money. Like somebody mentioned before, the best outcome possible is that you pay them money and get nothing in return because nothing bad happened.
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Apr 1, 2022 16:01
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Seems like profit motive in insurance is actually counterproductive and maybe we should socialize it??
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Apr 1, 2022 16:08
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BonHair posted:Insurance would be cool and good if it was a good faith communal thing, but all real life examples are ...bad. in the netherlands you have a thing called a broodfonds (bread fund) which is self-employed people getting together and paying dues into a collective pool that's used as insurance for when you are not able to work due to accident or disease (cause normally in the netherlands your employer covers that)
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Apr 1, 2022 16:16
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TehSaurus posted:Seems like profit motive in insurance is actually counterproductive and maybe we should socialize it?? gee I wonder if they could maybe put Mutual in their names seriously it's loving mindblowing how many things you see that used, at some point, to be socialized
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Apr 1, 2022 16:29
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Insurance makes a lot of sense in certain circumstances. Like it's original point, where a single, unlikely event could happen that would be either ruinous or bad enough you're willing to take a small financial hit to mitigate it. So things like, your house burns down, you are at fault for a car accident that causes millions in damage or you die and leave your kids and spouse with a huge mortgage and no assets or income. It's always a mathematically bad deal because you pay the expected cost of the risk (cost of the risk divided by the chance of it happening) then tax, insurance company operating costs, any distribution costs and some level of profit margin for the insurer. But where the risk is such that even the low chance of it happening is intolerable and the premium cost is bearable insurance makes sense. Where it doesn't make sense is when the risks or claims are some combination of frequent and very bearable for you. Since then you're eating the costs for no real gain. Also I have no idea about American insurance companies, they might all be total fucks.
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Apr 1, 2022 16:53
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All of the examples you've given could still be done better by a socialized program with no profit motive and a pool that includes (and distributes the cost across) the entire population instead of just a small chunk of it.
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Apr 1, 2022 18:36
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Oh yeah I'm down for that.
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Apr 1, 2022 18:47
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My insurance company is essentially a co op for teachers (and teacher adjacent professions). The co op part makes it a bit cheaper, and because teachers are less likely to get into serious accidents (we don't have a tradition of school shootings in Denmark), it's a comparably good deal. But they will still fight your claim to some extent, because any payout means that everyone else has to pay more. The fun thing is that everyone else doesn't benefit from my demographic being boring, and their premiums are higher because a huge bunch of "safe" customers are not part of their insurance pool.
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Apr 1, 2022 18:54
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Cast_No_Shadow posted:Also I have no idea about American insurance companies, they might all be total fucks. You know the answer to this one
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Apr 1, 2022 19:01
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USAA is member owned so that's as close as it gets for socialized anything in the US.
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Apr 1, 2022 19:31
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Except for Tricare
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Apr 1, 2022 19:40
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