The USA has ~23 million millionaire households. So many people could do that.
It seems that one can pay a percentage of the bond amount as an annual fee, avoiding having to put up the fully amount. I have no idea if that is a good idea, and I have no finished reading the link I posted.
When would some want to do this over having normal liability insurance? Maybe if they drove very little.
I mean, you could hold a few hundred thousand in a surety bond instead, but who can actually do that?
People who got paid a fair wage before wealth inequality spiraled lol
no they didnt
Go learn about the change of proprtional wealth since the 1970s that coencides with the creation of the super rich class.
Wealth inequality did not used to be this bad.
im well aware of that, but even pre-70s people didnt stack cash in a surety bond to avoid having car insurance.
The USA has ~23 million millionaire households. So many people could do that.
It seems that one can pay a percentage of the bond amount as an annual fee, avoiding having to put up the fully amount. I have no idea if that is a good idea, and I have no finished reading the link I posted.
When would some want to do this over having normal liability insurance? Maybe if they drove very little.