moral hazard is arguably worse, with flood insurance it creates the moral hazard of building in flood plains where once in a while a flood comes through, riot insurance, um, well.
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Except flood insurance is massively more expensive and preventable. Like what is the, um, well here? We should have never allowed police and other law enforcement to be immune from consequences in the first place?
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Depends on if the lesson is "minimize damage from rioting" or "be nice to the President"
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Strong disagree. Flood insurance and the moral hazard is well understood in data and research. Spontaneous riots stemming from state violence seems rather different to me. Can you explain your reasoning here?
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we’ve bailed out vacation home owners from floods & hurricanes more than once. Why does the US taxpayer, the vast majority of whom cannot afford a vacation home, bail them out? insurance companies only insure such properties knowing that “worst” case the gov will foot the bill.
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Flood mapping is at least 40 years out of date. One of those fun things that operates with almost no basis in reality.
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