"xyzzy" wrote in message
...
For example, Jay is "sure" that some "trailer trash" won 20 million
somewhere for tripping over something, but he doesn't cite an actual
award that was paid -- and you would bet that in his business, word of
that would spread fast.
Well it is near the election and politics seems to be on the table.
What I do know is that J. Edwards has a publicized net worth north of $30m.
Much of that money (after taxes) could be in the hands of the injured
infants he has said he was aiding. I would be more impressed with his
commitment if he had retained for himself an hourly rate of $200/hr after
expenses. Lets see $60m/200 = 300,000 hours = 21428 14hr days = 4285 5day
weeks = 82 years with no vacation. Nope, I don't think that accurately
represents his work schedule.
Of course the actual outcome is a trial system so filled with FUD that the
defendant's insurance company many times simply writes a check for some
intermediate amount rather than fighting in courts.
The current system of liability and litigation in this country makes a
10-20% payoff sometimes needed in countries less enamored of the "rule of
law" seem like a bargain. Hence we see some productive companies and
individuals running for the door and others just ease back and do the
minimal needed to get by or retire early. Not a good long term program for
the country.
Howard
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