Cooperative Insurance
Cooperative Insurance is an economically realistic way for an entire community of at least 1000 people to become 100% independent from the state, county and federal governments.
THE PROBLEM
In this age of compromised democracy and money driven social structures, many strong communities, like Fairfax, California, have learned that we truly vote with our dollars. Thus, we choose to support local businesses and sustainable organic farms when we can so that hopefully the money stays within the community. However this tiny microweb of business is not strong enough to sustain everyone’s needs for food, water, shelter, medicine and education. Unfortunately, the schools, hospitals, and shelter homes provided in most part by the government and small struggling non-profits are not sufficient. So we are paying taxes and large insurance bills to the federal government’s war budget and huge banking industries, exporting our funds to large industries that don’t really do anything for our communities.
The concept of insurance is as ancient as community. It is simply a community’s attempt to protect its citizens from any problem that might arise. With the introduction of money into civilized society, the insurance translated as a pool of money that everyone contributed to and offered to those in the community that needed help. When Benjamin Franklin popularized the idea of insurance in 1752, he only meant to protect the people of Philadelphia from fire. By collecting insurance money from the community he could establish a safeguard against calamity. It works well in a small community when you can look someone who really needs help in the eyes, when you can use this pool of everyone’s money to help them back on their feet, to bring them to the other side of their struggle, to be their support when everything else is gone. That is what insurance is supposed to offer. That is what our government is supposed to do.
The current goal of insurance companies and government welfare industries is to make as much money as possible. Thus, in the end you have sick individuals in your community paying large monthly payments to a health insurance company and having to travel miles away to some other community’s hospital and wait in line so that their insurance might cover everything minus $2000. Meanwhile, the large insurance companies are showing through the roof profits and unbelievable stock earnings. All of that money is being literally sucked from the veins of our community and put into a huge banking industry, and that is only medical insurance. What about home, car, dental, life, business, malpractice, . . . The list of categories for insurance these days is long and growing, all in an attempt to market and sell and market and sell their insurance “product”. What can we do stop this vicious cycle? We need some form of protection that was supposed to be provided by our taxes. How can we reinvent this SYSTEM to work for us?!
THE SOLUTION
note: Many will claim to have a solution, but in the end everyone will realize that we’re all figuring it out together.
This is of course a simple answer to a complex problem, so let’s begin by doing the math. If 1000 people in a community are paying an average of $1200 in taxes and $2000 in insurance per year - if we pull all that money together - $3.2 Million for the year. With two thousand people you would get $6.4 Million and with healthy investments by some of the more affluent members of our community and proper financial management, that could grow to $10 Million in one year. Now, $10M is not realistically enough to create a foundation for the indefinite security of all 2000 people, but would provide protection for at least that first year. The goal would be to grow to $100M over the course of five to ten years thereby creating a solid foundation for these 2000 people to live on.
Fairfax has a population of roughly 8000. According to the 2007 census 48.6% of the households in Fairfax earn more than 75K as opposed to 28.6% nationally. I will postpone the completion of this document until further research into legal tax exemption and actuarial statistics of the region. I know that it will work - so I’m going to figure it out.
October 22nd, 2007 - Posted in Money | |
2 Responses to ' Cooperative Insurance '
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on April 4th, 2010 at 4:07 am
Не может быть
врач аллерголог-иммунолог Thus, [….
on May 4th, 2010 at 5:26 am
Извиняюсь, но мне необходимо немного больше информации.
Технолог Thus, [….