Reply #14: One Logic Problem, Mo

[ProfessorGAC]

If it's an insurance program, then there are some criteria set for collecting. I can't take a term life insurance policy out and then ask for my money back. The policy intent is for me to have money for my family if i DIE! No death, no collections.

So, if it's an insurance policy, then only those who are meet the criteria collect. Rockefeller wouldn't meet the criteria, because despite his paying into the system, he has no need and no reason to fall back on the financial insurance.

So, if it's really an insurance system, (and i don't disagree) raising of the cap doesn't violate the premise. Everyone pays in, and those that need to collect on it get money back. Means testing just becomes part of the criteria set.

I'm not sure that i would agree to the "every dime" concept. But, i do think the $89k is awfully low. So, raising the cap doesn't violate the concept of insurance in any way.
The Professor