3 ms·

Haven't the covid losses already paid back? We aren't in absolute catastrophe

• kortilla 4y ago
  No. They won’t be paid back until the government gets an excess of at least that much in tax revenue. Something mitigating an ongoing can be expensive, have the intended positive effect immediately, but not be paid back for a long time (or sometimes ever). Federally subsidized flood insurance is a much smaller scale example. There are many places in Florida and the gulf in general where houses get destroyed by hurricanes and have to be rebuild for $X every 20 years when we only collect maybe 25% of $X in premiums.