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I keep saying that once rise to the point where the problem is undeniable, Floridians will demand— and probably get— a colossal bailout on the taxpayers’ dime
by Analemma_ 7y ago
I keep saying that once rise to the point where the problem is undeniable, Floridians will demand— and probably get— a colossal bailout on the taxpayers’ dime for their property, either in the form of some megaengineering project to hold back the ocean or just forcing the government to buy their homes, because Florida is a swing state with a large number of crucial electoral votes and neither major party can blow them off.
- ohazi 7y agoIt's literally not possible to hold back the ocean in Florida. The bedrock is porous.
- Analemma_ 7y agoYes, but that doesn’t mean we’re not going to spend billions of dollars trying. Voters don’t like to be told “there’s no fix”; they’ll gravitate toward any politician who promises to preserve their property values, especially with other people’s money.
- ohazi 7y agosigh You're not wrong...
- crisdux 7y agoThey basically already get that. All coastal communities and flood prone areas do. In the form of the National Flood Insurance Program. NFIP is massively subsidized flood insurance and does not charge nearly enough to cover the costs of liabilities. We've basically been rebuilding structures with taxpayer funding in flood prone areas ever since the NFIP started. Climate change has nothing to do with this bad policy.