Not to belabor a point or beat a dead horse, but we’re talking about over 200,000,000 people in the US, that are regularly threatened by flooding. That’s not one or two knuckleheads that obstinately refuse to move out of the “bottom of the wash”. Flood insurance payments total between $6 and $30 billion annually. Insurance (federal or otherwise) only covers about 20% of the actual damages. The rest of that either comes out of the taxpayer’s pocket or gets chalked up as a loss in productivity for the whole country. Now some may not see spending $1 to save the whole country $15 as a good decision, but I suspect that most would see it as a pretty good investment and a well mediated choice.
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Not to belabor a point or beat a dead horse, but we’re talking about over 200,000,000 people in the US, that are regularly threatened by flooding. That’s not one or two knuckleheads that obstinately refuse to move out of the “bottom of the wash”. Flood insurance payments total between $6 and $30 billion annually. Insurance (federal or otherwise) only covers about 20% of the actual damages. The rest of that either comes out of the taxpayer’s pocket or gets chalked up as a loss in productivity for the whole country. Now some may not see spending $1 to save the whole country $15 as a good decision, but I suspect that most would see it as a pretty good investment and a well mediated choice.