Monday: Mayor

You know what I hate… Insurance. Let’s take auto insurance for example:

Let’s assume you pay $100 per month for auto insurance. That is $1200 per year on coverage you may never use. So you buy a car and pay 5 years worth of full coverage with adds up to $6,000. AND if you get into a wreck or you need insurance for any reason they increase your rate and now you are paying $2000 per year.

I have been paying auto insurance for about 18 years. When I was 16 years old my insurance was about $230 a month ($2,760 per year). Let’s do some math everyone…

$2,700 (yearly rate) x 5 (years) = $13,500 (age 16-21 total)

$2,000 (yearly rate, assuming I had a drop in cost) x 4 (years) = 8,000 (age 21-25 total)

$1,200 (yearly rate) x 8 (years) = $9,600 (age 25-33 total)

$13,500 + $8,000 + $9,600 = $31,100 (Rough total)

So $31,000 (approx. total) in auto coverage in 16 years and the total times I’ve made an insurance claim… once, in the amount of $2,000. AND if I had a claim today guess what… my insurance would go up!! All the money paid into the system means nothing in the long run.

Why can’t the government to hold our money (like social security), where we pay into it and it grows as we go then when we need to pay for anything auto related it’s covered. Is it really that hard??

Ok what about this… what if we take all the social security money, savings, 401k, health insurance, auto insurance, life insurance dental insurance, vision insurance and any other kind of funds deducted from our pay check and put that money into a government account; this account is for all the things you need. This way someone like me who doesn’t go to the doctor, doesn’t need a lot of auto insurance, doesn’t need vision, etc… can save this money so when I do need it it is there and I feel fine about it all because it’s my money. And here is the kicker… as long as I work I will take care of myself.

MEXICANS! Scary… A true Mexican from Mexico will have to have legit paperwork or else he or she can’t gain money for health, life, auto… blah, blah, blah there by exposing illegal immigrants. CAN YOU SAY “TWO BIRDS, ONE STONE?”

Now that we are thinking about this new route, let’s crunch the number:

Let’s assume you make $2000 per pay check (every 2 weeks)

$2000 x 26 (how many times you get paid in a year) = $52,000 (Yearly gross)

Let’s assume you pay $600 into all the insurance, medical… blah, blah, blah per check.

$600 x 26 = $15,600 (All your deductions)

$52,000 - $15,600 = $36,400 (Bring home pay)

Over 50 years you will have accumulated ($15,600 x 50) = $780,000. It’s very simple and you may not think it’s a lot but I didn’t even include increased wages, interest on said savings account, insurance for home, kids, life, family dental and medical… and in the end that number will be in the millions by the time you retire.

This system screams “Take advantage of me” and no one is listening. Well when I run for office (and win), this plan will be in affect then all you honkies are going to be in big BIG trouble.

Oh and if you are “black” this doesn’t apply to you… reparations mother lover! Sorry wet backs and honkies…

HAPPY BACK HISTORY MONTH!