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[–] peacegnome 0 points 1 point (+1|-0) ago 

Cars as a social status symbol is a scam. One little scratch shouldn't matter to you unless you are hoping to keep the car in mint condition for 30 years to have as a collectors item.

This irrational market forces new models, and so parts change. If you want to fix a 1998 corolla then it is dirt cheap. That car also got 38mpg. why can't I just buy that car? The demand is there, maybe not for $15k, but for people like me looking for cheap cars that run forever and have parts available.

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[–] New-World-Ebola 0 points 1 point (+1|-0) ago 

nosejobs and paedophile island holidays aren't cheap.

you've been jewed

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[–] everlastingphelps 1 point 1 point (+2|-1) ago 

1955 was still the gold standard. $35 an ounce. That means that a $1 deed was worth 0.028 oz of gold.

Gold is currently $1,733.80 an ounce. That makes the 0.028 oz worth $49.50 in current dollars, which is actually more than just notarizing now. The current $500 inspection would have cost (in gold) 0.288 oz, or $10 in 1955.

When you start thinking of things in gold, you will realize that most prices aren't going up (and a lot of things are going down) but rather, they are using inflation to make the dollars you have in your pocket worth less and make you run the rat race to constantly make more dollars. They want dollars to not be able to hold value, so you have an incentive to spend then right now rather than saving.

A car in 1955 cost around $1500 dollars. That's 42.85 oz of gold. At the current spot price, that's $74,305 worth of gold. See what I'm saying?

On the insurance front, it's not a bet. It's socialism. It's distributing the risk of something around to lots of people. It's not inherently bad when people are allowed to decide if they want to opt in. The problems come in when people either are forced into it by the state (auto insurance, mortgage regulations) or people are given it by someone else (employers buying health insurance.)

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[–] honk_atcha_boi ago 

That's not socialism. I really wish people would stop conflating government action and collective agreements as socialism. They're not. Socialism is communal control of the means of production, i.e, the strongest mob boss makes the profit and takes the goods.

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[–] ninjajunkie 0 points 1 point (+1|-0) ago 

It is a business based on only profiting if they do not provide the service you paid for.

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[–] KobeBurger 1 point 1 point (+2|-1) ago  (edited ago)

My term 25 is $25 a month. For 25 years that is $7,500. If I die, my wife and kids get half a mil and pay off the house, debts and top up the kids education funds. If I make it beyond that time, I cancel the policy and it was a good $300 per year to give me peace of mind.

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[–] AngryInVirginia 0 points 1 point (+1|-0) ago 

It is similar to hedging an investment. In an ideal situation you are going to lose some money on it. But you are accepting that loss to cover your losses in the event that things do not go the way you had planned. I am not turning my back on something like that no matter how much of a sham people on this forum say it is.

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[–] KobeBurger 0 points 1 point (+1|-0) ago 

Exactly. They probably just came across someone who was trying hard to sell them the wrong kind of insurance because it pays a big commission.

[–] [deleted] 1 point 1 point (+2|-1) ago 

[Deleted]

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[–] KobeBurger ago 

No, mine was underwritten after I passed a full health screening. I die, it pays. The only way it wouldn't pay is if I committed suicide in the first 2 years, or don't pay the premiums. That 2 years was done over 10 years ago, and I'm not going to miss paying a $25 premium. The insurance you're talking about is either whole life or universal life, good if you have the bucks for it, for most people, they just need term insurance to cover a period of time of debt.

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[–] Doglegwarrior 1 point 3 points (+4|-1) ago 

i hate insurance. it is absolutely horse shit. that being said i just wrecked the dodge viper i fixed up and ky insurance paid me basicaly exactly what it was worth and saved my ass.

so there is that. ive also had a couple roofs fixed because of hailstorms. you better use it and maximise it as much as possible if you do pay for the shit.

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[–] Asgardener 0 points 4 points (+4|-0) ago 

There is a reason the amish refuse to pay any insurance- they consider it a form of gambling

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[–] JohnGoodman 0 points 3 points (+3|-0) ago 

And they don’t need it. In a homogenous white community, when someone suffers a major loss like their home, the community comes together and they all help out. That’s their insurance

[–] [deleted] 0 points 4 points (+4|-0) ago 

[Deleted]

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[–] Broc_Lia 0 points 6 points (+6|-0) ago 

I'm pretty sure form what old people say that a hundred years ago insurance was considered a very Non Christian thing that took advantage of people and that capitalizing on the tragedies of people was a bad idea.

A hundred years ago it was called a "fraternal society" and almost everyone was a member of one. It was like a social club that also provided health coverage, income insurance and life assurance.

Then (((Roosevelt))) got worried the fraternal societies were keeping america divided along ethnic lines and not promoting the melting pot he wanted, so he abolished them. The result was that they got replaced with big jewish insurance rackets which had no ties to the communities they were insuring, and the inevitable misbehaviour resulted in a mountain of regulation, driving prices up and competition down.

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