Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Tommaso who wrote (53707)	9/27/2004 7:10:02 AM
From: Maurice Winn	Read Replies (2) of 74559

In New Zealand we don't have to buy liability insurance to own or drive a car. It's quite obvious that safe drivers subsidize those who crash. So it's not in the interests of people who don't crash their cars to insure them. It's not even complicated maths, just simple arithmetic with a bit of compounding interest. Dentistry is a waste of money too. It's much better, cheaper, and more pleasant to have well built teeth which don't require any dentistry. That's largely a matter of foetal, infant and childhood diet. Our offspring don't go to dentists and their teeth are excellent. I went to dentists while growing up and was mercury poisoned and tooth wrecked. I would much rather have had well-built teeth. Dentists also drill out perfectly good teeth to drum up business [not all of them, but according to a dentist neighbour I knew, quite a lot of them]. Managing risk is an important thing people need to learn to do as part of learning to manage finances. Mqurice

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