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To: coloradan

Again, gambling is the creation of risk. Insurance is protection against a hazard (i.e., possibility of loss).

Also, insurance does not exist so its policyholders can “win,” but to restore a policyholder to the position he was in immediately before a loss. In gambling, the whole purpose is to win, to come out in a better position than what one was before placing a bet.


73 posted on 11/26/2012 6:01:36 PM PST by ought-six ( Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
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To: ought-six

Both gambling and insurance are balancing acts of risks and rewards. For “win” please interpret “receives payout”. Are you prepared to argue that insurance is socialism, notwithstanding my comments above to the contrary? What is/are the flaw(s) in my argument that insurance isn’t socialism?


74 posted on 11/26/2012 6:46:59 PM PST by coloradan (The US has become a banana republic, except without the bananas - or the republic.)
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