Being Taken to the Cleaners

I’ve come to believe that we are being taken to the cleaners over and over in simple and subtle ways.

Case in point, when your state issues tax refunds for overpayments on a debit card. They are absolutely, 100% on purpose, taking advantage of those of us who lose the cards or never get around to using them or are just overwhelmed with dealing with another card and account to set-up. Remember, you must call their 800 number and listen to their commercial in order to activate the card. That state keeps that which is never used.

Or how about medical service providers who send you a bill for an amount after insurance has paid what they will pay, you write them a check, and then weeks or months later you get a check in the mail for overpayment. Once again, they are counting on you not cashing that check and they were leveraging your money during the time of the overpayment by earning interest on those funds. This is not accidental.

And of course, the insurance companies send you a Explanation of Benefits written in a foreign language to most of us using codes and things we don’t understand to justify what they are going to pay for and not pay for on this claim. And, of course, they include several pages of how you appeal the payment of which nobody does.

Our leaders in Washington don’t have to live by the very laws we must obey. They get their own health insurance and retirement plans. They get to trade securities with insider information without fear of prosecution. They are lobbied by special interests (everybody, everything, every country) and people who go into Congress with typical financial resources end up millionaires within a few years.

And statistics are used to prove whatever points is required in the current argument or cause. For both sides.

I don’t think of myself as paranoid, instead, I think of myself and seeing more and more of this around me. It is just reality.

I think I’m going to read this Moneyland book. That will probably set me off further.

Take care of your friends and family that are nearby. Be kind. Help those who need a little help. Be gracious. The ‘system’ is not going to help and we need to help each other and just be kind along the way.

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