Originally posted by: Boilerman
How about the people that didn't buy home owner's insurance in California? How did that work out?
Nevermind. The analogy goes right over Kevin's head.
It's a ridiculous analogy. Electricity is a vital necessity--an essential service. Fire insurance is not. People are forced to buy electricity for their homes. People are not forced to buy fire insurance.
But if you want to draw an analogy, Texas's power company scheme is like an insurance company that multiplies its premiums by 10,000% during fire season. It would have been foolish for someone in CA to not buy fire insurance, but people in Texas didn't have the choice to not buy electricity. The people who were hit with huge bills didn't do anything foolish.
You can continue to cheer for the Texas power companies' scams if you want. But you can't defend them on a moral or legal basis. Only a complete asshole company jacks up the price of something people can't do without by ten thousand percent--and during a crisis at that.
I'm done arguing this with you, as I find your ideological stance morally repugnant.