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Old 08-09-2012, 10:30 AM   #21
Locke
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Originally Posted by undercoverbrother View Post
wrong wrong wrong
No kidding....
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Old 08-09-2012, 10:39 AM   #22
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No kidding....
Sorry I am caffeine deficient this morning.

I should have known.
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Old 08-09-2012, 10:48 AM   #23
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My problem with the $1 million is how exactly can you prove that?
Well gee, I guess you go to court and have your experts argue with the defence's experts, and the judge decides what is fair. Of course, a bunch of people arguing on the internet has a far better chance to come up with a fair valuation, so maybe we should amend the law to move to that kind of system instead.
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Old 08-09-2012, 10:52 AM   #24
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There are experts that specialize in calculating economic damages, often in motor vehicle injury claims.

Ex.

http://www.browneconomic.com/

Income Damages Calculator:

http://www.brownecon.com/idcPublicPages/index.asp
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Old 08-09-2012, 10:57 AM   #25
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I'd also like to add that it amazes me how all kinds of medical, mental and psychologocial treatments can't help people get over PTSD or other issues...but $1 million dollars always seems to help cure them. Not saying they're faking, just pointing out how $1 million seems like the cure.
It's not the cure, they will still have the issues, just the will have the money to be able to deal with the issues.
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Old 08-09-2012, 11:07 AM   #26
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My problem with the $1 million is how exactly can you prove that? See as a high school student, it makes it difficult to prove $1 million is the potential lost amount. If she was a working professional, say a doctor or lawyer or whatever, you could truly value that. But what if she at the time had no clear career ambitions? Is there really a way to prove this accident cost her a chance at a career where she could have earned $1 million more than before the accident? If she's talking the entirety of her life that will suffer because of this, then $1 million might make sense (give or take about a $20,000 a year difference in potential wage earnings). But again, how can you possibly quantify this from a high school student?

I'd also like to add that it amazes me how all kinds of medical, mental and psychologocial treatments can't help people get over PTSD or other issues...but $1 million dollars always seems to help cure them. Not saying they're faking, just pointing out how $1 million seems like the cure.
The same way they "prove" damages in car accidents every single day. This isn't something new and the courts know how to deal with the proof required.

I honestly think $1 million is too low. if she works until 65 that is only $20,000 a year. I was knocked out 12 years ago by a sucker punch and I still feel the effects at least once every three days. I still get dizzy and I'd trade $20,000 a year in a heart beat to feel normal again.
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