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Re: Culture War

Posted by alexandra_k on January 2, 2020, at 15:00:33

In reply to Re: Culture War, posted by alexandra_k on January 2, 2020, at 14:55:11

Insurance pay-outs can be a mechanism whereby the rich get richer and those who are already struggling become worse-off.

I would imagine land is typically cheaper where there is a known fire risk.

I remember being horrified learning of fires in Melbourne and hearing how many people had to evict their homes.

But I remember then learning that they routinely need to evict their homes for a portion of the year every year.

They knew when they purchased their house that was was likely so, that things would likely become worse through time (global warming), and they chose to buy / build there, anyway.

I would imagine that that is playing with fire (literally).

I can only suppose it must be, on some level, about insurance pay-outs.

I Christchurch after the earthquakes / bombings some people got to early retire into newly built mansions in pretty locations about the South Island. It was a boost to the architecturally designed building industry.

I guess these people got pay-outs and they got their pay-outs first.

Some other people struggled for years to get theirs. If they got them ever at all.

It's a mechanism for redistributing wealth. Insurance.

Rather like healthcare.

And Universities.




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