When they call the roll in the Senate, the Senators do not know whether to answer 'Present' or 'Not guilty.' Theodore Roosevelt
Lately the candidates have besieged my place of work. Being a large insurance company, one of the largest, it's like sugar to ants.
Recently the CEO and President of the company wre here to answer questions and soneone asked where we stood with the candidates. As I look back on their answer now no matter where we stand we stand with our hand out to whatever party is in control. Interestingly enough the CEO decided to explain his answer and he says that we, as a company that provides insurance along the lines as treating it as an investment, tend to lean towards the Democratic party. not because they're right, but because they want to protect the investments used by the super rich.
The super-rich.
Let me explain. An insurance policy povides money to the family of the decedent in order to help them with the costs associated with the passing of the insured. now let's say that the insured is super rich. Does this person really need life insurance?
Nope.
What they need is death insurance that protects the assets from being taken by the government by say a death tax. Yes they even tax you when you die. Anyway, well if you have enough insurance that covers your entire amassed wealth, then what you are doing is passing on your wealth directly to your family. In a way, life insurance has become a way to by pass the death tax. It protects your wealth.
Republicans, according to our CEO, want to abolish the death tax. If they do so, Life Insurance as the super rich know it will cease to exist. If there is no death tax, then why do they need life insurance to protect their wealth? Democrats on the other hand want to keep it.
Either way the common man loses. Those in office go there claiming such championing ideals that will make our life better. They, and I mean all of them, have yet to deliver.
How do you know when a politician is lying?
You see their lips moving...
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