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Gov Who Ever Lived? Rick Perry signs tort reform bill into law   Be Still My Hard (CLICK) |
Monday, May 30, 2011
TORT REFORM!
11 comments:
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SoylentGreen said...
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That does it! I'm moving to Texas. Austin, to be precise.
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5/30/11, 10:06 PM
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Anonymous said...
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Austin is Texas' version of San Francisco. Stay towards the Oklahoma border.
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5/30/11, 10:25 PM
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Anonymous said...
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Anon, I went over last year to Jerry Jeff Walker's birthday bash weekend, one show at the Paradise in Austin, and one down at Greune Hall. As we were driving into Austin, the first thing I saw walking down the street was two guys holding hands. The Aggies are right, "Steers & Queers, no place but Austin". Still, Austin is the home of the Western part of Country & Western music, and like Willie Nelson, I wouldn't mind living near by.
Casca -
5/30/11, 10:36 PM
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Anonymous said...
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Cost of living is quite reasonable here in San Antonio. Check us out>
Brigadier Major Mike -
5/30/11, 10:46 PM
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toadold said...
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Another name for Austin is Moscow on the Brazos. Also they have a lot of Cedar trees and people with allergies suffer from "Cedar Fever"
Austin is both the State Capitol, home to the main campus of Texas University, and has a lot of tech companies filled with people who have the Seattle mind set. It attracts liberal cockroaches in other words. Every once in a while the city council starts to think that they run the state and have to be quietly bitch slapped out behind the barn. -
5/30/11, 11:16 PM
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Chuck Martel said...
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How about a law punishing insurance companies who make meritless defenses? Or a law to "encourage timely settlements by penalizing parties who [don't pay] reasonable settlement offers to try to [pay less] than they should"?
Just wait until you or someone you know is injured by a drunk driver. Then we will talk about "frivolous lawsuits". -
5/31/11, 6:52 AM
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Anonymous said...
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Our resident lawyer who doesn't believe in the $20 aspirin also apparently doesn't think there's such a thing as a frivolous lawsuit.
I seen estimates that of every dollar we spend, ~7-13 cents of it is because of the booming trial lawyer litigation industry.
All across America, there has been a significant decline in serious auto accidents but insurance costs are up. Gee, wonder why?
Trail lawyers now receive more than medical costs and wage replacement COMBINED.
Trial lawyers are the democrats second largest campaign contributors. Gosh, no surprise there huh?
Various studies peg the cost of lawsuit abuse at between $3500-almost $10,000 per family per year.
Money spent by insurance companies to pay out tort claims and to investigate claims was $260 BILLION in 2005. Nah, no abuse there.
10% of every health care dollar is attributed to the cost of liability and defensive medicine. I see this when I go to my doctor and he orders these tests to cover his ass. The last time i went in I said Doc, double or nothing(I pay for all my own medical costs up to the first $14,000) that this test is negative-he wouldn't take the bet. That's a nation wide rack up of over $50 BILLION a year in unnecessary tests to CYA.
Tort litigation costs this country over 2% of our GDP.
Excessive tort costs amount to over $589 BILLION and is equivalent to an additional 7% tax on consumption and another 10% tax on wages.
I've read that foreign companies simply will not do business here because of the rampant lawsuit industry. The European stock market has passed ours in capitalization for the first time and it's because, believe it or not, Europe has a friendlier business environment-thanks trail lawyers
The insidious deal that the dems have with the trail lawyers is the exact deal that have with the unions. Enact favorable legislation that steers huge amounts money to their pockets and in return the trail lawyers funnel millions and millions of dollars every year to them. By a margin of almost 99-1. And democrats return the insidious favors with more economy killing legislation for trail lawyers.
It's the concentrated interest vs the diffused interest. I don't see that 10 cents a dollar on EVERYTHING I buy but it sure adds up in 100s of ways and it's waaaay past trying to call it protecting consumers.
MM -
5/31/11, 8:38 AM
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Chuck Martel said...
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I think it is the height of hypocrisy that some of those who claim to support, protect, and defend the U.S. Constitution, refuse to support, protect, or defend the seventh amendment:
"In Suits at common law, where the value in controversy shall exceed twenty dollars, the right of trial by jury shall be preserved, and no fact tried by a jury, shall be otherwise re-examined in any Court of the United States, than according to the rules of the common law." -
5/31/11, 8:49 AM
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Anonymous said...
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This is anecdotal of course.
I was sued by an employee. It was all total bullshit. It cost me $35,000 in legal bills for a settlement of ~$15,000. I almost lost my building. It cost 3 employees their jobs and eventually I whittled my way down to ZERO employees.
I now work alone. My gross is way down but you know what? My net is just slightly less for light years less worry and headaches.
To me, it's just not worth the aggravation and worry about someone getting pissed about something and thinking it's actionable. When you have an industry that knows either you're gonna pay that $35,000 or you're gonna settle, WTF have they got to lose?
And that's the climate that the trail lawyers have fomented. I say loser pays and you'll end this bullshit.
MM -
5/31/11, 8:54 AM
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Rodger the Real King of France said...
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You speak for millions MM. I recently asked a Doc how much of his practice were procedures proscribed only as CYA protection against lawyers? "50%, I suggested?" He paused, and then "If I answered that, and I won't, I'd say 'at least'"
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5/31/11, 10:26 AM
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Kristophr said...
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MM:
http://www.starvingthemonkeys.com/
No employees means not paying people to pretend to work, paying payroll taxes, and risking bullshit employee lawsuits. -
6/1/11, 12:50 AM
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