Contrary to popular belief, many notable corporation here in America would love to see their employees dead.
It is true. Several notable companies take out large life insurance policies on most of their employees, which means every time one of their employees dies they get money. This is not just minor refunds for their lost labor, they receive up to 1.5 million dollars. Here are the most notable offenders-
- American Express Co.
- AT&T Communications
- Bank Of America
- Citibank, N.A.
- Citizens Bank
- Coca-Cola Company
- Hershey Foods Corporation
- Nestle Enterprises
- Panera Bread Co.
- Procter & Gamble Company
- Southwest Bank
- TYCO International
- Union Bank
- Wachovia Corporation
- Walgreen Company
- Wal-Mart Stores
- Walt Disney
- Wells Fargo, N.A.
- Winn Dixie
- York Water Co.
This is not the entire list of known companies that buy Dead Peasant Insurance, life insurance policies by corporations on employees. The full list, comprised of about 215 companies can be found at deadpeasent.com. Despite the fact you may not work for the listed corporations your company may still practice this ignoble insurance scam. These companies are the known ones ,there are hundreds of undocumented companies that “insure” as many as ten million Americans.
Many people question the legality of this shady practice. It is a conflict of interest, the corporations want their employees to die and to the best of my knowledge those same employees do not want to die. Taking out dead peasant’s insurance is similar to a friend of yours taking out fire insurance on your house, so if it burns down for any reason (including them setting it on fire) they will reap the benefits.
Technically, this is legal. After all these corporations have an investment in their employees, they should receive some funds, that way they can replace their employees and get on with their job of being a callous corporation.
What about the families of the deceased?
What about those who pay as much as a hundred thousand in medical fees associated with the hospital not saving a loved ones life?
What about the cost of the funeral?
The companies give the families of the deceased the cold shoulder, these fees are the sole responsibility of the family, who may have their income halved if not completely eliminated. As they struggle with debt and bankruptcy, the corporations go on to employ someone else, preferably young and unhealthy. That way they get the “most” out of their loyal workers.
There have been several major moves against this inhumane practice, suits have been filed and many of these companies have been take to court. Always, the corporations have won. They site one specific precedent, Santa Clara County V. South Pacific Railroad. This supreme court case made it so corporations were legally viewed as individuals and therefore got all the rights citizens have. Freedom of Speech. Protection of Private Property. The Right to Due Process.
Also the Right to Wish Employees Dead (anything for a better profit margin, right?)
Dead Peasant’s Insurance should be used to benefit those most hurt by the loss of the deceased, the families. If a company has the foresight to take out a life insurance policy on its workers that is all well and good. As “individuals’ they have the right to protect their workers. However, first they should pay off the debts the families would other wise take one, due to loss of income and related medical expenses. That is what is ethical and morally correct.
This raises a poignant question: Should corporations be view as individuals? I believe they should, on the condition that they are treated as individuals in all fields. Today corporations stomp out the little people without a thought when things are going well and hide behind Santa Clara County v. South Pacific Railroad whenever they are in danger.
This verdict was cited in the most in Congress, as more than $700 billion was given to the same corporations that caused the economic recession. Before they had been acting outside the authority of the government, ignoring restrictions that were in place to prevent a recession from happening. As the recession broke they begged, and received, money from the government. They argued that they deserved money because as individuals of America they should be protected and supported by America.
This is wrong and is criminal. If these corporations want funding that is fine, as long as they have paid their dues before hand. By handing out $700 billion the American government is rewarding recklessness and failure. This is wrong and criminal. Only corporations who, like regular individuals, prove that they are worthy of trust should be trusted. This is fair and what should be done.