Federally funded storm insurance for hurricane prone areas primarily benefits real estate developers. I’m surprised you support it.
All of this is true, but here is the thing we are not talking about rationality here for there are all forms of arbitrage opportunities and people do not consult an investment table when they make these emotional claims. These same people do not understand Downtown Houston, or Katy, is not in the same floodplain as Galveston or Texas City. No people just want to talk and talk smack. People want to scapegoat.
Saying you are wasting my money, except it isn't there money, and if they were really caring about this rationality instead of emotionally they would have have dozens of other wastes of money they could list off hand. Hell these people can't even get the order of magnitude right how much a specific city got in repair money, or the amount of money nationally a program costs per year.
Pure scapegoating and complaining for the sake of complaining. I bet those same people can't even list the capital gains tax rate, or the various tax brackets. Do they know about the employer part of the social security tax or medicare?
Why should I care about people wanting to complain just to complain?
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Furthermore the cost to relocate a city like Houston or any major coastal city is orders of magnitude the cost for a small fraction of the city that is damaged or destroyed by hurricane flooding.
People are literally just connecting their mouth to their asshole with the language they use without knowing a damn thing about the thing they are complaining about.
