What would be the difference between a company paying for 12 billion dollars of insurance coverage, and one paying for 10 or 20 times that?
Do you not understand numbers or something? You don't know the difference between X and 10X and 20X?
I would like that setup for say, my house insurance. Since we bought our place, it has trebled in value, and I have had to pay more every time it gets re-assessed.
No you don't. Once you own your home, you don't have to have homeowner's insurance at all. It's only your mortgage agreement with a bank that requires you to. Oh hey you learned something new!
A better example would be car insurance since it's legally required in order to drive on public roads. But hey look what do you know, car insurance does not require you to cover a worst case scenario! In my state it's $30k for bodily injury. Now can you use a few brain cells and come up with a situation where $30k wouldn't cover the medical fees for a car accident? Hm? On the other hand you probably ARE the kind of idiot who treats that lack of required unlimited insurance as a driving subsidy.
And as it turns out, there is a federal flood insurance program that does similarly to the Nuc industry exemption from liabilit
You're really not understanding the issue are you? Flood insurance protects the person who holds the policy. If your house floods, you get a new house. If you don't have flood insurance, you don't get a new house. The end.
Now what happens if there's a nuclear disaster? The insurance isn't to protect the company's assets, it's to protect the public. Flood insurance is a terrible analogy.
But I would indeed have about 20 thousand dollars sitting around that I would have not had to pay out over time if I could have been covered in the same way the nuc plants are covered.
Hey well since hypothetical money is real to you, guess what? You're a millionaire! Because the government *could* have a 90% tax rate! And it *could* assess a 100% asset tax every year. And it *could* require everybody to have a $10 million umbrella insurance policy just in case. And it *could* reverse the tax benefit of dependents so you pay $5 million for each child you have.
Wow! You have like literally millions of dollars of hypothetical money lying around! So that means you have millions of real dollars lying around right?
I'm not going to argue with people who cannot understand that dollars are dollars
Buddy, please explain it, because I really don't understand. Why don't you have $500 million in the bank, since the government could assess various fees totaling $500 million against you? You didn't have to pay that, so it should be just lying around unused right?
Explain, I'm soooo confused! Or I would be if I was a fucking idiot like you and thought hypothetical dollars were real.