Isn't America going down as world power?
As much as I know, sooner or later China will be next world power.
I'd also like to bring up that the poverty line is, by and large, rather arbitrary. My family lives comfortably in a middle class lifestyle with almost zero debt (barring mortage) and enough disposable income to use on more than just basic needs. This is less than $25,000 a year, single parent, three member household. In other words, just barely above the official poverty line. Yet, you could make absolutely zero argument aside from that line that my family is poor. With a nice house (and a $1000/month mortgage), and more than just the basic necessities like a cell phone plan for all three of us, high speed internet and cable, two vehicles, and sending me through college.
tl;dr poverty line is probably better considered an 'at-risk indicator' than it is an absolute indicator of poverty.
Both of which are nicely covered by insurance, thank you very much. I realize that a very big helping hand in that direction is that my dad is retired military, so I've got decent coverage, but if necessary I'm damn sure my dad would be able to come up with it. Cars likewise (insured, that is), as is the house. We only really use one vehicle, so we've got, in effect, a spare.
Yeah, the "poverty line" in the US is certainly liveable, albeit without much of a margin for unexpected expenses. Still, it's a troubling statistic.
Both of which are nicely covered by insurance, thank you very much. I realize that a very big helping hand in that direction is that my dad is retired military, so I've got decent coverage, but if necessary I'm damn sure my dad would be able to come up with it. Cars likewise (insured, that is), as is the house. We only really use one vehicle, so we've got, in effect, a spare.
I read trough that now, I think a lot of that only applies to America.
or atleast I hope so.
...or other stuff like the necessity to buy a new car after an accident.
...or other stuff like the necessity to buy a new car after an accident.
Wheres your insurance?
...or other stuff like the necessity to buy a new car after an accident.
Wheres your insurance?
Most people with low income can not afford that kind of coverage (typically pooled into "full" coverage). They can only afford "basic liability" which only covers the expenses incurred on others, and their property, not the insured, or their property.
Well, the USA is stuck in my head as a pro-corporate power. And any less-pro-corporate power would have made laws against some of the practices you see there (such as those fines). Or atleast I hope so...I read trough that now, I think a lot of that only applies to America.
or atleast I hope so.
I'm interested in hearing your reasoning behind this.
...or other stuff like the necessity to buy a new car after an accident.
Wheres your insurance?
Most people with low income can not afford that kind of coverage (typically pooled into "full" coverage). They can only afford "basic liability" which only covers the expenses incurred on others, and their property, not the insured, or their property.
Well, I don't know how things work in your country, but in Italy there are many kinds of car insurance. There's basic insurance, mandatory, and at least two optional kinds of insurance for fires (and the like) and stealing. So, unless you pay the extra money, you can't be 100% sure of anything. There are many people who don't want to pay the extra money for a variety of reasons ("what's the chance to see your car caught by a fire, come on!", "I don't have enough money", etc.), and when accidents happen, they regret it. For example, a few months ago one of my brother's friends lost his car due to a nearby, accidental explosion, and couldn't do anything about it because he never paid the extra money for that specific kind of insurance.