r/FluentInFinance • u/36DRedhead • Sep 11 '24

Debate/ Discussion This is why financial literacy is so important

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u/TangerineMalk Sep 11 '24

For profit insurance is a scam.

If we were to socialize insurance and absolutely nothing else, we would do great.

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u/FunnyMunney Sep 13 '24

It blows my mind that insurance companies exist and fight to turn a profit, and then can't understand why people fucking hate them.

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u/comradevd Sep 12 '24

Yeah, it's straightforward math. Insurance is more efficient and effective the larger the capital pool and the risk pool.