Edit: I see now the comment I replied to is about subsidizing losses, not about having a state run insurance program.
If the premiums are risk based, why not not? Ideally there would also be a buyback program for homes deemed to be uninhabitable due to climate risk. Maybe something like the state will buy the house at 80% of the value used for property taxes, up to a certain maximum (fixed dollar amount? Percentage over the county/state median?) This buyback program could be used when the premiums become unaffordable.
“Why should I have to pay for YOUR kids to go to school?”
“Why should I pay for social safety nets when I’m well off?”
“Why should I pay for roads when I don’t drive?”
Because there will come a day where you may need the help, and it wont be there cause your pigheaded myopia, and then you’ll cry and cry about the unfairness of it all and maybe, just maybe, if you have a functioning neuron in that brain of yours, that maybe the fraction of a cent of yours that actually goes to help people isnt such a bad thing afterall
The down vote shows you hit a nerve…
Why should taxpayers subsidize someone’s dumb decision to buy a Florida beach house?
Edit: I see now the comment I replied to is about subsidizing losses, not about having a state run insurance program.
If the premiums are risk based, why not not? Ideally there would also be a buyback program for homes deemed to be uninhabitable due to climate risk. Maybe something like the state will buy the house at 80% of the value used for property taxes, up to a certain maximum (fixed dollar amount? Percentage over the county/state median?) This buyback program could be used when the premiums become unaffordable.
“Why should I have to pay for YOUR kids to go to school?”
“Why should I pay for social safety nets when I’m well off?”
“Why should I pay for roads when I don’t drive?”
Because there will come a day where you may need the help, and it wont be there cause your pigheaded myopia, and then you’ll cry and cry about the unfairness of it all and maybe, just maybe, if you have a functioning neuron in that brain of yours, that maybe the fraction of a cent of yours that actually goes to help people isnt such a bad thing afterall
Self preservation