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Thursday, January 23, 2003

Taking it seriously:

Bush has proposed there be a limit when awarding damages for Pain and Suffering. In the worst case (lose all four limbs, hearing, sight, and genitals), the total compensation can't be higher than $250,000. A rational extension of that concept is to award smaller amounts for smaller losses (e.g. "only" one foot). We think the following break-down is about right.



Remember, these amounts are what you get for a lifetime of loss. Assuming a 30-year lifetime, the annual Pain and Suffering award for, say, a lost (1st) hand, you divide $5,000 by 30 and arrive at a payment of $166/year.     Generous!


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