Posted 3 years ago on April 18, 2018, 8:34 a.m. EST by agkaiser
from Fredericksburg, TX
This content is user submitted and not an official statement
My Auto Insurance bill is 20% higher than last year. I still have a perfect driving record with no violations or incidents of any kind. I still have the minimum coverage the State of Texas demands. An insurance company representative acknowledged all that but said that the risk in the Texas pool has risen sharply and they have no choice but to raise all premiums.
I suggested that administrative costs are the main force behind the increasingly unbearable cost of living in America. Executive compensation, dividends and stock buy backs are the foremost parasitic activities that are killing the host economy and threatening our well being. He was struggling with an answer, possibly having a difficult time containing anger. I said I knew I was wasting my breath but there it is. "I can't do anything about it." His response that they appreciated my business ... blah, blah, blah ... was as predictable as blaming actuarial costs had been.
What I'm wondering is: Are all insurance companies in every state raising rates similarly? If so I bet none of them say they do it because they want more profit, to more efficiently multiply the Trump tax giveaway. What is your insurance experience this year?
Moses understood the threat of a for profit FIRE sector [He didn't call it that!] 3500 years ago but our masters, who've programmed us to parrot their lies, won't see the truth of their perfidy before they've killed the human race that pays for their extortionist services.
We can fight back! Threaten to communitize the FIRE sector! We can provide all financial services of, by and for the people on a non profit basis.