“In 2003, according to Tillinghast, the tort system cost $246 billion — meaning that the average American paid $845 for it via more expensive goods and services. But the really shocking thing is where the billions went. Injured plaintiffs — the fabled little guys for whom the system is supposedly designed — got less than half the money…Bush is pushing three kinds of tort reform, and all of them are worthy. But the ultimate goal should be to shrink the tort system radically. Measured as a share of GDP, America’s tort system is more than twice as expensive as it was in 1960, twice as expensive as the current systems in France or Canada, and three times as expensive as the system in Britain. A reasonable goal for the American tort system is to halve it”. –Sebastian Mallaby Writing In The Washington Post


0 Responses to “Quote Of The Day”