> If we're talking something like Hurricane Sandy causing $33 billion in property damage in New York, that's maybe one year of the property market's value. That's a quite small "weather tax" in the grand scheme of things,
That's fine in theory. And if the US could get rid of federal flood insurance and not spend any government money fixing up New York when the next storm does damage, then it might be a fine state of affairs. But I don't know anyone who seriously thinks those are politically achievable, much less desirable goals.
That's fine in theory. And if the US could get rid of federal flood insurance and not spend any government money fixing up New York when the next storm does damage, then it might be a fine state of affairs. But I don't know anyone who seriously thinks those are politically achievable, much less desirable goals.