Comments: Purchasing The Plantation

- Allow employers to deduct up to $1,000 in retirement planning advice fees per year from employees' taxable income

Holy God! Are these people fucking nuts?

Posted by phidipides at February 24, 2005 08:15 AM

Snopes.com on the 'bought the farm' claim:

url=http://www.snopes.com/language/phrases/farm.htm

Posted by paul at February 24, 2005 09:22 AM

Corporate American Merecenary Ghouls, ain't that special!

Posted by j swift at February 24, 2005 09:31 AM

What this reminds me of is Boston University, which at some point was found to have a life insurance policy taken out on all of it's students. They had run the numbers, and it seemed to be a good investment.

Parents, as might be expected, were not very amused.

A classic example of the amoral thinking that happens when all you look at are dollar amounts.

Posted by Daniel Maskit at February 24, 2005 10:31 AM

Haven't the insurance companies even considered the moral hazard issues that arise with these types of policies? The example cited of a clerk for a retail chain just highlights the danger. If the retail store can collect on the employees death, even due to murder, then the retail chain has no economic incentive to reduce or mitigate the possiblility of robbery in their stores. In fact, the retail chain could profit by having low-paid employees be killed during in-store robberies through placing outsized policies on their employees. For some retail chains, they might find they could make more money by getting their employees murdered than they could by actually selling stuff. Worse, since injury would result in workmer's compensation claims, the retail chain would want to make sure that the employee is killed. That truly makes for a dead peasant policy.

Posted by PrahaPartizan at February 24, 2005 11:01 AM

Pessimist, I like your explanation of "bought the farm" best. Thanks.

Posted by Toby Petzold at February 24, 2005 05:17 PM

Excellent, pessimist. Franken & Moore provided some snipets about this, but nothing to realize the depth of these modern type Robber Barons and self-centered Dickens yuppies operating against this society and middle-class citizenry.

They pay no penalties. They hide and do not even have to face real people and the results of the evils they inflict. They need to be mocked and scorned. They need to face penalties for what they doing to wipe out the middle-class. Maybe, they should be exiled--after being stripped of their plunders (and left with basic living costs). Actually, am to the point that strongly think that creative squads are needed around the country to go after these boys and girls similar to the environmental squads operating out there, perhaps more creatively.

Keep in mind, that the Boston Tea Party was against globalization. Those Trading Cos. were huge conglomorates. They intended to wipe out all the small businesses here and in Eng. The taxes were an add-on to accomplish their purposes. (they wiped out the Irish and all their wonderful exports, etc. etc. etc. to them) If anyone needs more background, I will offer some.

Posted by Alex at February 24, 2005 06:15 PM