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What about California's wildfires and their federal relief subsidies?
by gfhgfdhgdfhgdf 4y ago
What about California's wildfires and their federal relief subsidies?
- ethanbond 4y agoFederal disaster relief has completely different economic dynamics from backstop, risk-agnostic insurance. I don’t think anyone in this thread is suggesting we don’t give federal aid to Florida. But to your point, yes we should also stop subsidizing water in the US southwest including California.
- lotsofpulp 4y agoWhat about them? They do not seem comparable in scope to an explicit subsidy approved and funded by Congress before the loss even occurs. No California homeowner is paying less for homeowner’s insurance because it is sold at below cost by the federal government. They may or may not get bailed out when a loss occurs, which is different from knowing that you will.