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I think along the same lines when in California I see people building huge mansions in fire areas or people refusing to get health insurance. They wang to have
by Ididntdothis 7y ago
I think along the same lines when in California I see people building huge mansions in fire areas or people refusing to get health insurance. They wang to have their freedom but rely on being bailed out when things go bad.
- btilly 7y agoThe name for that phenomena is "moral hazard".
- sandworm101 7y agoOr "deregulation". The fire hazard thing is due to consistent efforts to "develop" land into rural mcmansions for rich retired people. Why should taxes go to defend retirement mansions knowingly built in fire zones? Or on a beach? (rising water levels etc). Fire insurance covers damage, not the cost of firefighters, and we cannot ask firefighters to just let everything burn. That isn't safe (idiots don't evacuate) humane (pets) or even healthy (pollution).
- bsder 7y ago> or people refusing to get health insurance This isn't a good example. Lots of people simply can't afford healthcare. They need coverage anyway. Yes, there is the occasional jerk who can completely afford it and won't buy it. But they're not the common case, in my experience. I am with you about building in fire areas. There should be regulations requiring you to carry sufficient insurance that also defrays the cost of dealing with you when the fire shows up--not just rebuilding you after the fact.