Insurance
 

Bit of a hot topic here in Canada, Insurance rates have doubled and tripled over the last two years. Insurance companies say it's because of soft tissue claims and blah blah blah ...THEY LOST THEIR MONEY IN MARKET INVESTMENTS.... GRR....anyway In our provinces it is law that you have to have insurance, the government collects tax on the insurance. The way I see it, the government has no real incentive to lower the rates of insurance cause that would be a dip in funding.....
Should the government not be allowed to tax things that are mandatory by the law it creates?

(Yes I"m aware this applies to many other things... but it's insurance that's my beef today)

Hey, if you don't like it, you can move to Cana... oh wait.

Insurance companies are evil, and all the money grubbing execs should be lined up and shot repeatedly until death ensues.

I agree with you - if it is mandatory you have it they should not be allowed to tax it - I face the same problem in business - we live in a state in which the liquor and beer distributors have a state granted monopoly - there is no competition. Because there is no competition prices are very high (by design, the higher the price the higher the tax). We pay more for product wholesale than it is sold for at retail n neighboring states. It makes it very hard to compete when neighboring competitors are selling it for less that we can buy it for. Taxes eat your lunch. Anytime government has a way of affecting price it just increases the amount ot taxes they can collect.

Good God, even in Canada! In my opinion, governments should be deprived of as much power as possible, so yes I agree with you.

You can bet they've got investments and buddies in the insurance companies. You can bet you won't see the money go back into public spending, too, unless it goes to giving their pals building contracts.

The gov't has us coming and going. I must insure my vehicle and I am taxed on that purchase. If I buy a tire for my vehicle I must pay a $3 tire levy and I am Taxed on this tax. I must pay a fee to the gov't each and every year to register my vehicle( I still own it why must I tell them by way of taxation that I still own it) and pay tax on this manditory purchase. I pay a huge tax every time I put gas in my vehicle. If even half the people stopped driving and owning vehicles would the gov't go broke?