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[davelj]

I’m in New Orleans once a month on business and I was talking to a friend of mine there a couple of days ago and he told me that there are lines “out the doors” to get commercial fishing and shrimping licenses in southern Louisiana. Everyone wants a license so that they can sue BP for not allowing them to fish and shrimp. These are all new licenses – most of these folks don’t even own a boat.

Now, I want BP to pay out the ass on this disaster. But… we can’t even imagine the graft and shenanigans that are going to go on once folks start staking their claims on damage monies. And Louisianans are notoriously creative and corrupt where such things are concerned. I’m sure I’ll have some interesting stories to share.

[outtamojo]

They gonna be SOL cause I been readin that BP asks for tax returns on those kinds of claims- they’ll have to cook something else up.

[outtamojo]

They gonna be SOL cause I been readin that BP asks for tax returns on those kinds of claims- they’ll have to cook something else up.

[outtamojo]

They gonna be SOL cause I been readin that BP asks for tax returns on those kinds of claims- they’ll have to cook something else up.

[outtamojo]

They gonna be SOL cause I been readin that BP asks for tax returns on those kinds of claims- they’ll have to cook something else up.

[outtamojo]

They gonna be SOL cause I been readin that BP asks for tax returns on those kinds of claims- they’ll have to cook something else up.

[davelj]

[quote=outtamojo]They gonna be SOL cause I been readin that BP asks for tax returns on those kinds of claims- they’ll have to cook something else up.[/quote]

The argument is not what they’ve made in the past, it’s what they COULD have made in the future. And who’s to say what that number is?

For example, let’s say that six months ago I decided that I would get a shrimping license at some point this year and start shrimping. Well, now’s the time and – lo and behold – I see that BP has mucked up the Gulf. That’s not my fault is it?

Don’t get me wrong – this is not a strong argument – it’s flimsy as hell. But… let’s say that a class action is formed for all such folks. How do you think that suit is going to fare in a Louisiana court considering who the defendant is? That’s a rhetorical question.

[davelj]

[quote=outtamojo]They gonna be SOL cause I been readin that BP asks for tax returns on those kinds of claims- they’ll have to cook something else up.[/quote]

The argument is not what they’ve made in the past, it’s what they COULD have made in the future. And who’s to say what that number is?

For example, let’s say that six months ago I decided that I would get a shrimping license at some point this year and start shrimping. Well, now’s the time and – lo and behold – I see that BP has mucked up the Gulf. That’s not my fault is it?

Don’t get me wrong – this is not a strong argument – it’s flimsy as hell. But… let’s say that a class action is formed for all such folks. How do you think that suit is going to fare in a Louisiana court considering who the defendant is? That’s a rhetorical question.

[davelj]

[quote=outtamojo]They gonna be SOL cause I been readin that BP asks for tax returns on those kinds of claims- they’ll have to cook something else up.[/quote]

The argument is not what they’ve made in the past, it’s what they COULD have made in the future. And who’s to say what that number is?

For example, let’s say that six months ago I decided that I would get a shrimping license at some point this year and start shrimping. Well, now’s the time and – lo and behold – I see that BP has mucked up the Gulf. That’s not my fault is it?

Don’t get me wrong – this is not a strong argument – it’s flimsy as hell. But… let’s say that a class action is formed for all such folks. How do you think that suit is going to fare in a Louisiana court considering who the defendant is? That’s a rhetorical question.

[davelj]

[quote=outtamojo]They gonna be SOL cause I been readin that BP asks for tax returns on those kinds of claims- they’ll have to cook something else up.[/quote]

The argument is not what they’ve made in the past, it’s what they COULD have made in the future. And who’s to say what that number is?

For example, let’s say that six months ago I decided that I would get a shrimping license at some point this year and start shrimping. Well, now’s the time and – lo and behold – I see that BP has mucked up the Gulf. That’s not my fault is it?

Don’t get me wrong – this is not a strong argument – it’s flimsy as hell. But… let’s say that a class action is formed for all such folks. How do you think that suit is going to fare in a Louisiana court considering who the defendant is? That’s a rhetorical question.

[davelj]

[quote=outtamojo]They gonna be SOL cause I been readin that BP asks for tax returns on those kinds of claims- they’ll have to cook something else up.[/quote]

The argument is not what they’ve made in the past, it’s what they COULD have made in the future. And who’s to say what that number is?

For example, let’s say that six months ago I decided that I would get a shrimping license at some point this year and start shrimping. Well, now’s the time and – lo and behold – I see that BP has mucked up the Gulf. That’s not my fault is it?

Don’t get me wrong – this is not a strong argument – it’s flimsy as hell. But… let’s say that a class action is formed for all such folks. How do you think that suit is going to fare in a Louisiana court considering who the defendant is? That’s a rhetorical question.

[briansd1]

davelj, just to argue the other side here. Net Present Value is derived from future value.

If some future value is wiped out, then there’s a loss to NPV.

Imagine Del Mar Beach coated with oil and unusable through an act of negligence for the next 2 generations. Would the party that caused the damage have to pay reparations? What about homeowners who never bathed in the ocean but enjoyed a nice view that’s now been ruined?

What about teenagers who are turning 18? They intended all along to enter the scrimping/fishing business of their parents or relatives. Now their future opportunity is wiped out. Should they not be compensated?

[briansd1]

davelj, just to argue the other side here. Net Present Value is derived from future value.

If some future value is wiped out, then there’s a loss to NPV.

Imagine Del Mar Beach coated with oil and unusable through an act of negligence for the next 2 generations. Would the party that caused the damage have to pay reparations? What about homeowners who never bathed in the ocean but enjoyed a nice view that’s now been ruined?

What about teenagers who are turning 18? They intended all along to enter the scrimping/fishing business of their parents or relatives. Now their future opportunity is wiped out. Should they not be compensated?

[briansd1]

davelj, just to argue the other side here. Net Present Value is derived from future value.

If some future value is wiped out, then there’s a loss to NPV.

Imagine Del Mar Beach coated with oil and unusable through an act of negligence for the next 2 generations. Would the party that caused the damage have to pay reparations? What about homeowners who never bathed in the ocean but enjoyed a nice view that’s now been ruined?

What about teenagers who are turning 18? They intended all along to enter the scrimping/fishing business of their parents or relatives. Now their future opportunity is wiped out. Should they not be compensated?

[briansd1]

davelj, just to argue the other side here. Net Present Value is derived from future value.

If some future value is wiped out, then there’s a loss to NPV.

Imagine Del Mar Beach coated with oil and unusable through an act of negligence for the next 2 generations. Would the party that caused the damage have to pay reparations? What about homeowners who never bathed in the ocean but enjoyed a nice view that’s now been ruined?

What about teenagers who are turning 18? They intended all along to enter the scrimping/fishing business of their parents or relatives. Now their future opportunity is wiped out. Should they not be compensated?

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