Quotes about premium

A collection of quotes on the topic of premium, put, people, insurance.

Quotes about premium

Stephen Baxter photo
Theodore Roosevelt photo

“If, as you hold, the great hulk of the colored people are not yet fit in point of character and influence to hold such positions, it seems to me that it is worth while putting a premium upon the effort among them to achieve the character and standing which will fit them.”

Theodore Roosevelt (1858–1919) American politician, 26th president of the United States

As quoted in speech by Edward de Veaux Morrell https://cdn.loc.gov/service/rbc/lcrbmrp/t2609/t2609.pdf (April 1904)
1900s

Mark Twain photo

“Carlyle said "a lie cannot live." It shows that he did not know how to tell them. If I had taken out a life policy on this one the premiums would have bankrupted me ages ago.”

Mark Twain (1835–1910) American author and humorist

Source: Autobiography of Mark Twain, Vol. 2 (2013), p. 304

Thomas Jefferson photo

“The art and mystery of banks… is established on the principle that 'private debts are a public blessing.' That the evidences of those private debts, called bank notes, become active capital, and aliment the whole commerce, manufactures, and agriculture of the United States. Here are a set of people, for instance, who have bestowed on us the great blessing of running in our debt about two hundred millions of dollars, without our knowing who they are, where they are, or what property they have to pay this debt when called on; nay, who have made us so sensible of the blessings of letting them run in our debt, that we have exempted them by law from the repayment of these debts beyond a give proportion (generally estimated at one-third). And to fill up the measure of blessing, instead of paying, they receive an interest on what they owe from those to whom they owe; for all the notes, or evidences of what they owe, which we see in circulation, have been lent to somebody on an interest which is levied again on us through the medium of commerce. And they are so ready still to deal out their liberalities to us, that they are now willing to let themselves run in our debt ninety millions more, on our paying them the same premium of six or eight per cent interest, and on the same legal exemption from the repayment of more than thirty millions of the debt, when it shall be called for.”

Thomas Jefferson (1743–1826) 3rd President of the United States of America

ME 13:420
1810s, Letters to John Wayles Eppes (1813)

Ralph George Hawtrey photo
Frederick Winslow Taylor photo
John Mitchel photo
Tom Robbins photo
David Ogilvy photo
Michael Lewis photo
Ted Cruz photo

“Instead of the joblessness, instead of the millions forced into part-time work, instead of the millions who’ve lost their health insurance, lost their doctors, have faced skyrocketing health insurance premiums, imagine in 2017 a new president signing legislation repealing every word of Obamacare.”

Ted Cruz (1970) American politician

Presidential declaration speech, Ted Cruz declaration speech: Full transcript http://www.independent.co.uk/news/world/americas/ted-cruz-declaration-speech-full-transcript-10128614.html, Independant.co.uk (March 23, 2015)
2010s

Alan Greenspan photo

“History has not dealt kindly with the aftermath of protracted periods of low risk premiums.”

Alan Greenspan (1926) 13th Chairman of the Federal Reserve in the United States

At a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, August 26, 2005 http://www.federalreserve.gov/Boarddocs/Speeches/2005/20050826/default.htm.
2000s

Ernest King photo
Michael Johns photo
Robert A. Heinlein photo
John Stuart Mill photo
Moshe Chaim Luzzatto photo
Andrew Tobias photo

“There's no question young drivers have far more accidents than older ones-but is it our aim to keep them off the roads? Or to allow only rich young people (who can afford the premiums) to drive?”

Andrew Tobias (1947) American journalist

Source: The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982), Chapter 11, Too Many Underwriters, Too Many Agents, p. 196.

“Think of the federal government as a gigantic insurance company (with a sideline business in national defense and homeland security), which does its accounting on a cash basis, only counting premiums and payouts as they go in and out the door. An insurance company with cash accounting... is an accident waiting to happen.”

Peter R. Fisher (1956) American treasury official

While under secretary of the U.S. Treasury in 2002; frequently short-handed as "an insurance company with an army." A Fiscal Train Wreck, Paul, Krugman, Paul Krugman, March 11, 2003, The New York Times http://www.nytimes.com/2003/03/11/opinion/a-fiscal-train-wreck.html,
How government is like insurance, June 28, 2011, Thomas F., Schaller, Baltimore Sun http://articles.baltimoresun.com/2011-06-28/news/bs-ed-schaller-20110628_1_unemployment-insurance-premiums-government-insurance,
Who First Said the US is 'An Insurance Company with an Army'?, Economist's View, Mark, Thoma, January 17, 2013 http://economistsview.typepad.com/economistsview/2013/01/who-first-said-the-us-is-an-insurance-company-with-an-army.html,

A. J. Muste photo
Clarence Thomas photo
Michael Grimm photo

“From my days as a Marine in combat, to my tenure working undercover in the FBI, to my service as a Congressman representing the hardworking families on Staten Island and Brooklyn, I have spent my entire life fighting on behalf of the People with honor and integrity. The past 24 hours haven’t changed a thing, and I plan to work harder than ever for the people I am exceedingly proud to represent. To my constituents, let me be absolutely clear: the trumped-up charges against me are false and after my peers see the truth, justice will prevail. And while this groundless witch hunt proves there are powerful forces dedicated to tarnishing my reputation as part of a political vendetta, I’ll tell you what it doesn’t do: It doesn’t take back the billions of dollars in Superstorm Sandy aid I fought for in Congress, it doesn’t undo my flood insurance reform bill that will spare millions of Americans from skyrocketing premiums and home foreclosures, and it doesn’t negate the countless success stories of my office helping constituents with difficult challenges, from losing health coverage thanks to Obamacare, to being denied veteran survivor benefits, to helping our seniors deal with multiple daily struggles, simply put…the lives my staff and I have touched for the better are innumerable. And that’s why I am so heartened by the outpouring of love and support – I am truly humbled to work for the most salt of the earth people in the world. Which is why I am back working hard and doing what I’ve done from day one, relentless trying to improve their quality of life through old fashioned hard work and determination.”

Michael Grimm (1970) American politician

Facebook (29 April 2014) https://www.facebook.com/repmichaelgrimm
2010s

Jay Leiderman photo
W.E.B. Du Bois photo
Murray Leinster photo
Francis Escudero photo
David Lloyd George photo

“If there is one thing more than another better established about the British Constitution it is this, that the Commons, and the Commons alone, have the complete control of supply and ways and means. And what our fathers established through centuries of struggles and of strife, even of bloodshed, we are not going to be traitors to. Who talks about altering and meddling with the Constitution? The Constitutional Party…As long as the Constitution gave rank and possession and power it was not to be interfered with. As long as it secured even their sports from intrusion, and made interference with them a crime; as long as the Constitution forced royalties and ground-rents and fees, premiums and fines, the black retinue of extraction; as long as it showered writs, and summonses, and injunctions, and distresses, and warrants to enforce them, then the Constitution was inviolate, it was sacred, it was something that was put in the same category as religion, that no man ought to touch, and something that the chivalry of the nation ought to range in defence of. But the moment the Constitution looks round, the moment the Constitution begins to discover that there are millions of people outside the park gates who need attention, then the Constitution is to be torn to pieces. Let them realize what they are doing. They are forcing revolution.”

David Lloyd George (1863–1945) Former Prime Minister of the United Kingdom

Speech in Newcastle (9 October 1909), quoted in The Times (11 October 1909), p. 6
Chancellor of the Exchequer

John D. Barrow photo

“Aristotle believed that the world did not come into being at some time in the past; it had always existed and it would always exist, unchanged in essence for ever. He placed a high premium on symmetry”

John D. Barrow (1952–2020) British scientist

The Book of Universes: Exploring the Limits of the Cosmos (2011)
Context: Aristotle believed that the world did not come into being at some time in the past; it had always existed and it would always exist, unchanged in essence for ever. He placed a high premium on symmetry and believed that the sphere was the most perfect of all shapes. Hence the universe must be spherical.... An important feature of the spherical shape... was the fact that when a sphere rotates it does not cut into empty space where there is no matter and it leaves no empty space behind.... A vacuum was impossible. It could no more exist than an infinite physical quantity.... Circular motion was the most perfect and natural movement of all.<!--ch. 1, pp. 12-13

Richard Wright photo
Benjamin Franklin photo

“In short, you offered a premium for the encouragement of idleness, and you should not now wonder that it has had its effect in the increase of poverty”

Benjamin Franklin (1706–1790) American author, printer, political theorist, politician, postmaster, scientist, inventor, civic activist, …

On the Price of Corn and Management of the Poor http://founding.com/founders-library/american-political-figures/benjamin-franklin/on-the-price-of-corn-and-management-of-the-poor/ (29 November 1766).
Context: I am for doing good to the poor, but I differ in opinion of the means. I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. In my youth I travelled much, and I observed in different countries, that the more public provisions were made for the poor, the less they provided for themselves, and of course became poorer. And, on the contrary, the less was done for them, the more they did for themselves, and became richer. There is no country in the world where so many provisions are established for them; so many hospitals to receive them when they are sick or lame, founded and maintained by voluntary charities; so many alms-houses for the aged of both sexes, together with a solemn general law made by the rich to subject their estates to a heavy tax for the support of the poor. Under all these obligations, are our poor modest, humble, and thankful; and do they use their best endeavours to maintain themselves, and lighten our shoulders of this burthen? On the contrary, I affirm that there is no country in the world in which the poor are more idle, dissolute, drunken, and insolent. The day you passed that act, you took away from before their eyes the greatest of all inducements to industry, frugality, and sobriety, by giving them a dependence on somewhat else than a careful accumulation during youth and health, for support in age or sickness. In short, you offered a premium for the encouragement of idleness, and you should not now wonder that it has had its effect in the increase of poverty.

Charles Lindbergh photo

“The forces of Hannibal, Drake and Napoleon moved at best with the horses' gallop or the speed of wind on sail. Now, aviation brings a new concept of time and distance to the affairs of men. It demands adaptability to change, places a premium on quickness of thought and speed of action.”

Charles Lindbergh (1902–1974) American aviator, author, inventor, explorer, and social activist

Aviation, Geography, and Race (1939)
Context: The forces of Hannibal, Drake and Napoleon moved at best with the horses' gallop or the speed of wind on sail. Now, aviation brings a new concept of time and distance to the affairs of men. It demands adaptability to change, places a premium on quickness of thought and speed of action.
Military strength has become more dynamic and less tangible. A new alignment of power has taken place, and there is no adequate peacetime measure for its effect on the influence of nations. There seems no way to agree on the rights it brings to some and takes from others.

Edward Bellamy photo
John D. Barrow photo
Kenneth Arrow photo
Isaac Asimov photo

“Scientific writing is abhorrently stylized and places a premium on poor quality.”

Buy Jupiter and Other Stories (1975), p. 82
General sources