Re: Insurance premiums

Posted by TomR Ont. on February 13, 2005 at 00:19:06 from (209.226.132.151):

In Reply to: Re: Insurance premiums posted by bo on February 12, 2005 at 09:20:23:

bo - The problem with excessive salaries is higher costs some where along the line. It has been proven time and again that the higher ups get the increase first (Chrysler in the 80's, the line workers gave up increases for a few years because the company was if a financial bind, who got the raise first upper management). The large visual companies (oil, hydro, banks, gas and insurance co's) hide as much as they can, in ways we can't imagine or understand, venture capital, stock market, land, rental office buildings, and they build their own office buildings. When things are good with these investments nothing said all the big guys pat themselves on the back and get a raise, but when things go bad with their investments lay offs and up goes the rates to the little guy. How many people have to pay premiums on the total value of their home, farm - the land won't burn they get you to over insure it. ( no value for that money )
As said before there is mandatory insurance, by the government and then they add 7% tax on it.
Even the 2.4 million for a 30 second commercial on the supper bowl costs us down the line.

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