We don't just allow construction in risky places, we subsidize it. If you're an owner or developer and you wanna put your own money at risk by building in risky places, you should be allowed to do that. Just don't expect me to pay for it through taxes and FEMA flood insurance.
rchive
joined 2 years ago
Good. Subsidizing risky behavior, as we do with some kinds of disaster insurance, encourages risky behavior. Rising insurance costs are the market telling people to stop living in certain places. We'd do well to listen and stop living in places like Florida so much.
He probably does think that. He could spin rising premiums as speculation based on climate change belief.
I think you mean 1 year. Lol
Yes, the Chinese social credit system is a government created thing that's more a way to punish people who don't do what the government wants.
The American one looks dystopian at first glance, but it's privately created by and for lenders so they all have a shared understanding of the optimal amount and rates to lend to someone. If you or I sit down and make a spreadsheet ranking houses we might buy or quality of restaurants near us, and then give them to a friend so they don't have to create their own from scratch, we're doing something not that far off from what credit scorers are doing.
My mortgage company didn't even look at my credit score once they saw my savings and income, which were REALLY not that much, just OK. But apparently good enough. So, I think credit score is only one thing they look at, and other positive things can outweigh a negative score.
Whose quote is this?
People act strange when they think they have a moral high ground.
You don't believe changes in the supply of a good influence its value?
The rules right now are setup to benefit a few entities owning most of the real estate
Rules like what?
I watch plenty of YouTube, so I get the attraction. But at the same time that's basically like saying your favorite ketchup brand has a monopoly on ketchup just because it's your favorite. You have the power to switch ketchup brands, very easily actually, and you also have the power to watch other content on other platforms. I think talking about YouTube like it's a monopoly is actually empowering to Google. They want you to think it's a monopoly.
The criticisms I hear from the American left about carbon taxes is that they don't work, not that they look like socialism. I think they probably would work, but what do I know.