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This would never happen in the USA. Pure communism
by bitcharmer 3y ago
This would never happen in the USA. Pure communism
- roywiggins 3y agoThe American equivalent is probably the national flood insurance program.
- FireBeyond 3y agoThe annoying thing about that is that it lets people repeatedly keep building in exactly the same spot. Not without an inconvenience, but it's almost like "every time it floods enough you get a home upgrade".
- everybodyknows 3y agoPeople can afford beachfront houses often have friends in high places.
- Fatnino 3y agoThat insurance not cheap.
- justin66 3y agoBut it is subsidized by one’s fellow taxpayers.
- Fatnino 3y agoOnly sort of. People who live in flood zones are subsidizing all the other people in the flood zones much more than say a homeowner in Colorado.
- justin66 3y agoI don't live in a flood zone. How do I opt out of subsidizing any of these people's flood insurance at all?
- Fatnino 3y agoYou pay taxes, the people in flood zone pay taxes. The same. Then on top of that, flood zone residents have to pay extra for the flood insurance.
- justin66 3y agoYou don't understand what "subsidized" means, do you? Their flood insurance costs less than it otherwise would because those of us without flood insurance are helping to pay for their flood insurance. It's fine if you think that's the way things should work, but there's no value in pretending it's not happening.