Brilliant answer. Here's a thought: we are broke because we are spending trillions on Social Security and Medicare and Medicaid. That's the vast bulk of the federal budget. In other words, most of the tax revenue is spent on programs that are wasteful and produce nothing that lasts.
Infrastructure spending actually drives revenue, by making it easier for people to conduct and grow businesses.
If it gets expensive to live on the coast then people who can afford to rebuild their properties and infrastructure will pay for it.
People will rebuild their properties. The issue here is infrastructure.
Someone living in a area not prone to natural hazards and such should not be subsidizing someone living in a flood zone or natural hazard area.
Everyone living in the US is living in a natural hazard area.
The NY/NJ coast gets a storm of this magnitude maybe once a century.
There are areas of the Midwest and South that get river flooding and tornadoes every few years.
Which community in America is immune from the elements? And how come I've never heard of it, since it must be a famous and desirable location?
I might remind you the people getting social security and medicare paid into it. There’s many millions of others getting “entitlements” they’re damn well not entitled to. Illegals, anyone ?
Before we shaft the elderly, let’s shaft the parasites FIRST !