Yes, I’m a cold-hearted insensitive bastard for even asking this question now but, oh well…
Should tax-payer money be used to rebuild communities that reside in areas where natural disasters such as hurricanes, earthquakes etc. are regular occurrences?
The initial estimate for the hurricane Katrina disaster runs between abuses of FEMA funding claims in the past, is this organization encouraging irrational behavior by paying people to rebuild and continue living in areas prone to these disasters?. Insurance will cover some of the cost, but ultimately tax-payers will end up funding the rebuilding process through FEMA (Which is now part of the Homeland Security Department). Despite the
Somebody asked me after we experienced three of the four hurricanes that hit Florida last year and then witnessed first-hand the abuses of FEMA declarations: Is it altruism when it’s forced?
Hey, you paid for it, might as well get it back right?
Update by Stephen VanDyke: Some people may not know that FEMA requires people in certain flood zones to carry that pays something like $250K (if I heard it on TV right). New Orleans is definitely one of those areas that’s deemed high risk.
The kicker here is that mandatory insurance is also only offered by the government, who seems to have a monopoly on the flood insurance industry.