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Is it wrong to benefit from someone’s death? What if you knew that at your job, the higher-ups took out a life insurance policy on you, and when you died they would be paid an uncertain amount of money? As your job counts the cash, your family would then be left to pay for all the medical bills, funeral arrangements and more. It sounds devilish, who would ever want to be involved in something like that? The answer: Republican evangelical Tea Party favorite, Rick Perry.

In 2003, his first year as an elected Governor of Texas [1], Rick Perry decided he wanted to make money off of dead people. Perry decided that he would help investors on Wall Street gamble with the lives of retired teachers. Promising the state a cutback, Perry proposed that the state get together with UBS, a giant Swiss Banking corporation, and attempt to get teachers to let them take out life insurance policies on them. When the retired teachers died, the proceeds would go to the Wall Street investors, who in turn would give some of the payout back to the state, allegedly. Perry even pathetically tried to bribe the teachers by offering them between $50 and $100 to sign the waiver to let the policies go into effect.

The story doesn’t end there. Just to show how impatient they were, the company specifically tried to sign up retired teachers between the age of 75 and 90. What about the families of these poor teachers? Well, Rick Perry, like most conservatives, could care less about them since they don’t help fund their campaigns or praise their “lord” on Sundays.

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Originally posted by AnthonyT:
Hello,

It seems at the end of the day, they got permission before everything was done.

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My father has life insurance on me. I have life insurance on my son. And my wife.

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Originally posted by AnthonyT:
Hello,

I don't think they'd be trying to pay off people to get permission unless they needed permission to do what they were doing. It wouldn't make any sense.

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Originally posted by Kwicko:

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Originally posted by AnthonyT:
Hello,

I don't think they'd be trying to pay off people to get permission unless they needed permission to do what they were doing. It wouldn't make any sense.

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And apparently this is where the whole scheme ran aground. The idea was to set it all up, THEN get the teachers to sign the papers for a small "bonus"; it seems that the teachers balked and wanted to read what they were being asked to sign, and there the whole scheme came undone.


"Although it is not true that all conservatives are stupid people, it is true that most stupid people are conservatives." - John Stuart Mill

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Originally posted by RionaEire:
Ooky. Did he have life insurance for any of those skeletons in his closet? :)

"A completely coherant River means writers don't deliver" KatTaya

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