telcoman wrote:
Can you explain the concept of insurance?
Telcoman
Coverage by contract in which one party agrees to indemnify or reimburse another for loss that occurs under the terms of the contract.
I see what you're trying to do here, but it doesn't work that way.
In REAL insurance, you get benefit from paying your premium. You get the assurance that if you have a claim, you will get money for it in the end. Insurance is not a redistribution of wealth, it's a monetary service granted by the company.
If your house burns down, then yes, part of my insurance premium goes to pay your claim. BUT! if my house burns down, guess what, I get paid too, and part of your premium goes to paying my claim!
No one is forced to purchase insurance (except for auto or if you have a mortgage (mortgages are only mandated by banks, not the gov't)). People buy insurance because they want piece of mind in the end if a claim arises and EVERYONE gets the same benefit - the payout for the claim.
By forcing me to PAY for something I don't want/already get somewhere else, I'm not getting the same benefit as someone WHO ISN'T PAYING FOR IT. That's SOCAILISM, NOT INSURANCE. Perceived equality and actual equality are 2 completely different things.