I am lucky that Estonia doesn't have property tax.What is even worse, some areas the property taxes are so high (my family there pays somewhere around $25,000 year!) that people are moving out of the area.
I am lucky that Estonia doesn't have property tax.
Quite frankly, most people don't understand the insurance business and most of the claims in this thread are unfair.
My stock in a reinsurance company was wiped out after Katrina. Nobody is going to bail me out.
The beauty of capitalism makes most of these rip-off arguments flat out wrong. If there was a market to charge less for insurance then a new company would form and charge less. That competition would drive prices lower.
What most of you are suggesting is socialism. If that's what you want I have a long list of countries you can move to. Government regulation wont make insurance cheaper, any businessman could tell you that. It would limit your choices and drive prices up. Insurance companies are in the business of making money, and that means profits. They aren't charities.
My reinsurance stock made quite a bit of money before Katrina. I think the share value doubled in just a few years as disasters were limited. Cash resserves were very high. Then after the 2005 season it was wiped out. All those retained earnings were lost in two storms.
I would really like you to not include or expose your political/economical ideas. I do not care if people on this forum are capitalist, socialist, comunist, sociodemocrat or whatever. This thread has deviated a lot from the original topic which was of about the potential of the Tampa Bay area being hit by a major hurricane coming from the W or SW with some really bad effects if that would happen.
Anyway, please respect other people's ideas or way of thinking and if you feel attacked by someone you can PM that person but if you believe in democracy at all, then respect the way of thinking of the rest of the people. I'm here to talk about tropical cyclones and severe weather and I'm fed up with all the childish political stuff that some people say, so lets get back on track with this topic please...
Sincerely,
Jose