Disadvantages of the tort system 13 replies

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Guest

I didn't make it!

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#1 11 years ago

The economic consequences of such heavy tort costs are substantial in the United States. First, individuals suffer directly by having less disposable income than they would otherwise due to higher premiums for automobile and other forms of insurance. Second, individuals suffer ultimately when businesses, forced to pay higher premiums for product liability and other forms of insurance, raise their prices on goods and services. Third, when businesses have to charge higher prices, they do less business than they would otherwise, which in turn slows down job extension and economic growth. Individuals bear the brunt of this economic slowdown in the form of lower wages and fewer jobs. Finally, increasing litigiousness discourages businesses and individuals from taking risks, which means that fewer new products are brought to market and new technologies are either delayed or forgone altogether. But even after all these set backs there are a few who would whole heartedly consent to the tort system of reforms. One in this would be Richard Weekley. He is presently heading the Texans Lawsuit for Reform. He is the Co- founder, Chairman and CEO of TLR. Texans for Lawsuit Reform is a volunteer-led organization working to restore fairness and balance to our civil justice system through political action; legal, academic,and market research; and grassroots initiatives. So it can be concluded that even though the ‘tort’ has its disadvantages, it’s not all that bad.




Huffardo

Arrrr!

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29th November 2003

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#2 11 years ago

I am inclined to believe this a concealed advertisement, but what is the bot advertising? :uhm:




-Section- VIP Member

Wut?

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13th July 2006

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#3 11 years ago

I think hes its telling us geeks to vote for a politician...




Mastershroom VIP Member

Frag Out!

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18th November 2004

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#4 11 years ago

Clever, if that's the case, but he didn't drop any names or links, so I can't really do anything about it.




Dreadnought[DK] VIP Member

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7th March 2003

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#5 11 years ago

If you look hard enough, you will actually find a link to the person he's trying to sell us. ;)




Kwould

OK, but wash it first

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24th November 2003

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#6 11 years ago

They picked a great place to advertise...Yes you fellas from Denmark and Finland, vote for a Texas politician!




Mastershroom VIP Member

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18th November 2004

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#7 11 years ago

Ah, clever link. Bloody thing's the same text color as the rest...

*Fixes*




Kwould

OK, but wash it first

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24th November 2003

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#8 11 years ago
Zamamee;3672585 *Fixes*

Ahhhhh, the power of being a moderator. *applauses Zamamee*




Mastershroom VIP Member

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#9 11 years ago

It's our only purpose in life. If we don't do our job, the essence of our collective soul is slowly eaten away until we fade from existence. Just ask Dread. ;)




Relander

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8th April 2005

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#10 11 years ago

This shows some imagination from the politician, have to admit that.




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