Archived Don't give money to the Red Cross. Here's why we need a new kind of disaster relief (archive.is)
submitted ago by P8rtsUnkn0wn
Posted by: P8rtsUnkn0wn
Posting time: 3.3 years ago on
Last edit time: never edited.
Archived on: 12/4/2017 10:00:00 AM
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53 upvotes, 4 downvotes (93% upvoted it)
Archived Don't give money to the Red Cross. Here's why we need a new kind of disaster relief (archive.is)
submitted ago by P8rtsUnkn0wn
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[–] River_Otter 0 points 1 point 1 point (+1|-0) ago
Okay, fair enough. Imagine this...
You pay your homeowner's insurance for ten years and then tornado storm rips the roof off of your house and destroys the possessions of your renter neighbor, who never paid a dime into your insurance company. After the disaster, you file a claim, but they tell you that you qualify for zero funds, even though you bought roof insurance. Meanwhile, your neighbor who paid nothing into the insurance, gets everything replaced out of the funds you paid into the your insurance carrier.
THAT is Fema flood insurance.
[–] [deleted] ago
[–] River_Otter 0 points 1 point 1 point (+1|-0) ago
It is a wealth redistribution scheme.