Posted on 08/03/2004 5:58:14 PM PDT by Tailgunner Joe
The scheme works like this: Democrats write vague laws (and regulations when they control the Executive Branch), which must be "interpreted" in the courts. Trial lawyers bring cases on behalf of clients who push the envelope of credibility for these laws and regulations. If they win the case they give a small percentage to the client, and they pocket the rest—with a payoff to the Democratic Party. Liberals also justify this process as "wealth redistribution" from fat cat corporations to "regular people"—which belies the fact that rich trial lawyers get a lion's share of the judgment. The consumer is the ultimate loser as insurance costs and the price of goods and services are increased to pay the larger insurance premiums.
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And to show his disregard for the "regular people" who pay Medicare taxes, Edwards declared himself a corporation of one. He escaped $290,000 in Medicare payments the 2 years before he ran for the Senate, according to political columnist Robert Novak in a March 1st exposé. Edwards paid himself $10 million in dividends those two years with no Medicare taxes—which had to be made up by "regular people." Edwards' campaign theme is "two Americas." In a sense this is true—it's trial lawyers against the rest of us. Artificial inflation inspired by massive lawsuits, and inevitable Medicare tax increases due to blocked tort reform, are our "pain and suffering."
(Excerpt) Read more at aim.org ...
Edwards is for the redistribution of everyone else's wealth - not his own. He has to keep Elizabeth hip deep in Wendy's Classic Burgers.
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