Insurance And the State
Insurance And the State
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The state would accumulate a surplus, but such a surplus would not need to be as large as the aggre- gate surplus of the private companies. The con- centration of the surplus would thus reduce its amount and leave in the possession of the public a part of the funds now collected. The sums not collected under state insurance would remain in private hands for productive purposes. It is true that the surplus now collected by private com- panies is loaned at interest and thus productively employed,... but it is quite possible that something might be gained by permitting the excess to remain in the possession of the numerous contributors. The surplus collected by the state would also be productively employed if it were placed in financial institutions and loaned to the private investor. (1511 INSURANCE AND THE STATE The particular disposition of this surplus and the form it would take would need to be carefully worked out. It would need to be in such a form as to realize quickly upon it. It might be placed in financial institutions which would pay to the state an interest upon it, from the interest which the financial institution received from loaning it.
What to read after Insurance And the State?
You can find similar books in the "Read Also" column, or choose other free books by William Franklin Gephart to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The state would accumulate a surplus, but such a surplus would not need to be as large as the aggre- gate surplus of the private companies. The con- centration of the surplus would thus reduce its amount and leave in the possession of the public a part of the funds now collected. The sums not collected under state insurance would remain in private hands for productive purposes. It is true that the surplus now collected by private com- panies is loaned at interest and thus productively employed,... but it is quite possible that something might be gained by permitting the excess to remain in the possession of the numerous contributors. The surplus collected by the state would also be productively employed if it were placed in financial institutions and loaned to the private investor. (1511 INSURANCE AND THE STATE The particular disposition of this surplus and the form it would take would need to be carefully worked out. It would need to be in such a form as to realize quickly upon it. It might be placed in financial institutions which would pay to the state an interest upon it, from the interest which the financial institution received from loaning it.
What to read after Insurance And the State?
You can find similar books in the "Read Also" column, or choose other free books by William Franklin Gephart to read onlineMoreLess
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