Biff_Poindexter
Diamond Member
I think the people who had their lives shattered by this storm, "white" "black" or "purple", all should be helped....Ponder the following: Would any insurance company, risking its own money, provide flood insurance to anyone rebuilding in that area going forward? The answer is clearly, No. But we, the taxpayers, backstop the flood insurance to the tune of billions of dollars a year, so that rich "white" people can build their retirement and vacation homes by the sea, where no logical human would locate if they had to assume the actual risk involved.
And this local tragedy won't change that. Insurance companies need not learn from their mistakes when it comes to flood insurance. They will insure the re-built properties just like the lost ones, at pretty much the same rates as before, because we, the taxpayers, will backstop their systemic stupidity.
Welfare for white people: ain't it great?