To be fair, if you exclude construction in all places that suffer disasters, you can't build anywhere, and most land will lie fallow. Meanwhile prices do not take into account significant disaster risk, and insurance may literally not be available.
Taxes end up being a mechanism by which the resources of a country may still be used despite risk that is on a timeline greater than the market can comprehend. Sent from my iPhone On Nov 6, 2012, at 10:35 AM, Drsolly <[email protected]> wrote: > There's an interesting issue here. > > If the imprudent Mr Piggy builds a straw house next to a place that > floods, should I be taxed to build flood defences around his house? > > This is a problem we're getting in the UK, where far too many housing > estates are being built on flood plains. > > On Tue, 6 Nov 2012, Rob, grandpa of Ryan, Trevor, Devon & Hannah wrote: > >> The flooding of New York City was, once again, an example of known threats >> not >> being addressed. >> >> http://www.economist.com/blogs/gulliver/2012/11/defending-new-york-floods >> >> It would have been too expensive to do anything about the issues. (Flood >> costs >> currently $50B and rising as more damage found.) >> >> Of course, nobody could have predicted Sandy, because this was a storm >> produced >> by changing conditions. Brought on by global warming/climate change. Which >> is >> another issue that is too expensive to address ... >> >> (Why do I have this old oil filter ad tagline running through my head? "You >> can >> pay me now ... or pay me later ...") >> >> ====================== (quote inserted randomly by Pegasus Mailer) >> [email protected] [email protected] [email protected] >> Verba volant, scripta manent >> Spoken words fly away, while written words stay on >> victoria.tc.ca/techrev/rms.htm http://www.infosecbc.org/links >> http://blogs.securiteam.com/index.php/archives/author/p1/ >> http://twitter.com/rslade >> _______________________________________________ >> Fun and Misc security discussion for OT posts. >> https://linuxbox.org/cgi-bin/mailman/listinfo/funsec >> Note: funsec is a public and open mailing list. >> > > _______________________________________________ > Fun and Misc security discussion for OT posts. > https://linuxbox.org/cgi-bin/mailman/listinfo/funsec > Note: funsec is a public and open mailing list. _______________________________________________ Fun and Misc security discussion for OT posts. https://linuxbox.org/cgi-bin/mailman/listinfo/funsec Note: funsec is a public and open mailing list.
