2min chapter

The Daily cover image

Should The Government Pay for Your Bad Climate Decisions?

The Daily

CHAPTER

The Federal Government's Perverse Incentives for Building in Risky Places

The report says the federal government should subsidize crop insurance less. It also wants to change incentives that lead cities and states to allow building in risky places. If fires rip through those new homes, the federal government ends up often paying the costs of disaster relief.

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