| Entrepreneurial
organizations forced to reduce their prices.
Profit no longer an issue!
By Henri D. Kahn
The adage,"Confucius
say business without profit like trying to eat soup
with fork" is kaput, because profit will be of
no consequence.
Consumer groups have finally succeeded in convincing
regulatory authorities to give something for little
or nothing a chance to work. Price control at last!
Now, when you shop at your favorite grocery store, prime
ribeye will cost you only .26¢ per pound. The store
will be open 120 minutes per day two days per week,
you will butcher your favorite cut, wait in line to
have it weighed, provide paper to wrap the meat, stand
in line to pay (tough stuff seven months of the year,
’cause of no air conditioning), and really wait
your turn, ’cause of one checkout counter per
90 customers.
Ludicrous, severe, preposterous? Of course it is.
The insurance industry has never stated or even implied
that profit is not its motive any more than auto dealers,
medical doctors, attorneys, or mom and pop stores are
not in it for the money.
The root cause of the increase in homeowner insurance
premium rates and limited insurance coverage is abusive
attorneys who are akin to smallpox without a chance
for immunization.
One lawsuit began a 500% increase in mold claims. That
lawsuit award has been reduced from $32 million to $9
million. The unfortunate attorneys went from an estimated
$13,000,000 payday to a measly $4,000,000. Shucks, I
guess they’ll have to settle for a Mercedes Benz
instead of a Ferrari Testarosa.
I am not for a change in our system of tort. I am in
favor of freedom of choice, private enterprise, entrepreneurship.
I want our system of justice to continue. I am in favor
of civil action being brought due to a wrongful act
or damage. What really rings my bell is the incredible
greed and avarice practiced by a sector of trial lawyers
that take delight in ruining a business and the lives
of people for a buck. How low and contemptible this
human trash has become in their pursuit of a dollar.
Protecting a person from the effects of a wrongful act
or damage is a merely a by-product of becoming a multi-millionaire
for these professional scumbuckets.
I must comment on one
aspect of my recent trip to New Mexico via airline.
Pack everything you can in zip lock bags and pack boots
and shoes on top of everything in your luggage. For
your carry-on bags, use those little see-through bags
even for cookies or crackers.
Make sure trousers will stay on without a belt. If you
have a solid metal belt buckle, it will be "take
off your belt, sir." And for God’s sake don’t
wear boots for the flight. If you do, make sure you
are wearing clean socks. I nearly dropped in my tracks
when I walked by some long-haired dude that had to take
his boots off to satisfy an inspector.
The airline did not have assigned seating, which can
be disastrous when you travel with little children.
We took two of our grandchildren and it was panic until
we worked our way to end of the aircraft, for the sake
of togetherness, practically each time we boarded. Oh,
and don’t even think of taking a pair of cuticle
scissors or they will be trashed.
Finally, George Bush.
You know, the prez with cowboy mentality and shoot-from-the-hip
philosophy who continues to push us to war.
One hundred five thousand lost jobs in 2002 translates
into misery for half a million people in this, "the
greatest country in the world." Now Dubya wants
to start making things right by eliminating the tax
on dividends.
Think about it; how many average earning John and Mary
Does with families to support are celebrating the current
administration’s proposed windfall? You guessed
it, "few or none." The rich just love Bush,
because he keeps making ’em richer!
Pray for Mr. Bush to come to his senses and set his
priorities straight.
See ya in February.
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