Guest Post by Eric Peters
The following is an example of the Augean Stables that will have to be mucked out before there is any hope for a rebirth of liberty in this country. It was submitted by what I fear is the typical American nowadays – the reflexive authoritarian, moral illiterate and market economics ignoramus EPautos readers refer to as a Clover (more here).
The subject matter is mandatory insurance. In this case, car insurance. But the principle applies generally (its acceptance is the reason why we now have mandatory health insurance and probably soon mandatory life insurance, with much more to come, if the principle is not identified and rejected) and so is of general interest.
“As you stated 35 thousand dollars is not enough anymore but at least 35k goes toward the injured party. Car insurance is a competitive business. Insurance companies do not make thousands of dollars off of you. If Libertarians were right that car insurance companies make a fortune off of you then wouldn’t you think Eric would open his own insurance company and make millions of dollars? Eric my insurance for my car is about $580 per year with $300k coverage. Only a fraction of that bill goes toward liability. Eric that is far from getting rich off of me due to the costs that insurance companies have but as Eric says, an imbecile never did understand finances. I also pay extra so that I am covered up to a million dollars if I cause harm to others. I am not like a Libertarian and make the innocent go bankrupt and lose everything when you hit them. If we had your world a guy can be stopped at a stop light and lose everything he has. Eric that is why I do not want a Libertarian society. I know, you enjoy harming the innocent.”
Clover,
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