Comment on An eruption has begun north of GrindavíkparentComments−bitcharmer2yThis would never happen in the USA. Pure communism−roywiggins2yThe American equivalent is probably the national flood insurance program.−FireBeyond2yThe 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".−everybodyknows2yPeople can afford beachfront houses often have friends in high places.−Fatnino2yThat insurance not cheap.−justin662yBut it is subsidized by one’s fellow taxpayers.−Fatnino2yOnly 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.−justin662yI don't live in a flood zone. How do I opt out of subsidizing any of these people's flood insurance at all?−Fatnino2yYou 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.−justin662yYou 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.
Comments
This would never happen in the USA. Pure communism
The American equivalent is probably the national flood insurance program.
The 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".
People can afford beachfront houses often have friends in high places.
That insurance not cheap.
But it is subsidized by one’s fellow taxpayers.
Only 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.
I don't live in a flood zone. How do I opt out of subsidizing any of these people's flood insurance at all?
You 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.
You 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.