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I kind of wonder if there could be some kind of antagonistic pricing checks, by finding parties opposed to inaccuracies. For example, actuaries have to be accu
by m463 2y ago
I kind of wonder if there could be some kind of antagonistic pricing checks, by finding parties opposed to inaccuracies.
For example, actuaries have to be accurate about the costs of using a vehicle. If their estimate is too low, the insurance company will lose money. If they are too high, they will lose business to competitors.
But probably insurance companies are not the opposed party, because they will sell more insurance, and losses may be lower than inflated costs.
On a different note, california prop 13 has made people keep their house longer or forever.
- intrasight 2y agoLonger yes. Forever no. Also you don't need a proposition in your constitution to affect the same outcome. Where I live they almost never do reassessments, so we effectively have the same result. The great thing about having states is that we can experiment with lots of different models of how to run society. If you don't like your particular, society then you can move to a different one.
- m463 2y agoAs to forever, I kind of wonder what you could do with a trust. and I suspect that you could rent a house with prop-13 taxes making more profit compared to renting houses that have recently changed hands. (don't actually know the details of this)