Subsidized Grief - Mark A. Pribonic - Mises Daily

Subsidized Grief - Mark A. Pribonic - Mises Daily: "The repair of one house destroyed by violent winds is the responsibility of the homeowner and the insurance company. But if the same house is flattened along with hundreds of others in close proximity, it now becomes the responsibility of the taxpayers, even though the personal loss is no greater than for the stand-alone home."

"A family crouched in their basement awaiting the arrival of a destructive storm must hope that, if their house is destroyed, many others will be too. Similarly, if one is facing a potentially deadly situation, one may hope that numerous others will meet their fate at the same time and place, because then one's heirs will receive greater benefits."