image is a mash up of images from Google images search for "aerial views of Sandy damage".
Of course the local communities cannot pay their municipal pensions without the continued real estate tax income from ALL the real estate destroyed by the hurricane. So, like fools, it will all be rebuilt in the same zone, and, soon, will be destroyed again - round and round like the cyclone or the Ferris wheel
But we need taxes from every bit of buildable land - especially along the beaches - which enjoy fresh air. No zoning department will nix re-building stupidity if taxes are nixed too.
And the feds will continue to provide flood insurance - but I bet the insurance doesn't pay the full payout - taxpayers do! This isn't just Mr. Christie's or Mr. Obama's political problem, this is a long range national problem. Here at Compeditive Enterprise Institute is a conservative review of the flood insurance which was legislated in 1968
After Katrina the plan was 18 billion in debt and congress was considering forgiving the entire debt. That's not reasonable. Here is another review from the Washington Post [1] - the upshot is that if you live above flood water - you are paying for the folks to rebuild on the beach.
So maybe those 67 republican congressmen who refused to vote for Sandy aid are not being so unreasonable....
Attachment | Size |
---|---|
sandy-fools-banner.jpg [2] | 81.93 KB |
Links:
[1] http://articles.washingtonpost.com/2012-11-02/opinions/35506564_1_nfip-flood-insurance-flood-plains
[2] http://li326-157.members.linode.com/system/files/sandy-fools-banner.jpg