I’ve often wondered what will happen as climate change progresses. Costal properties, usually owned by the wealthiest, are being slowly destroyed. Holding back the ocean, like King Canute, isn’t really an option. But when vast investments by the wealthiest of us are at risk, I suspect people will try. Who gets stuck with the bill is the more interesting question.
We shouldn’t have to pay for Jack Dorsey’s $40m estate when it crumbles into the sea
By using public money to protect California homes from climate change, the state is transferring wealth from working-class people of color to white property owners