r/interestingasfuck Jun 06 '25

Homes are falling into the ocean in North Carolina's Outer Banks /r/all

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u/Painterzzz Jun 07 '25

Yes I remember John Oliver doing a segment on this particular scam, and how the super rich get the socialist state to pay out to fund their beach front holiday homes, protect their beach front holiday homes, and pay out massive disaster relief when anything happens to them.

Funny how much the rich love socialism in America.

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u/The_cogwheel Jun 07 '25

Maybe that's why they dont want it for the rest of us.

Cause 4.92 trillion (,the US tax revenue) is nicer to split between 1000 people than 300,000,000 people.

4

u/misantropo86 Jun 08 '25

Privatized profits and socialized losses. It's the American way.

3

u/MonoEqualsOne Jun 08 '25

Funny that we could all enjoy this if poor stupids weren’t always voting against their own interest and shouting about how socialism is bad

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u/Painterzzz Jun 09 '25

It is one of the many things I will never understand about America, how this myth of 'socialism bad' became so ingrained into the poorest people in society. While the super rich literally point at them and laugh.

2

u/MonoEqualsOne Jun 09 '25

I’m with ya

2

u/lincoln_muadib Jun 09 '25

If I remember correctly, there's a phrase for that.

Socialism for the rich, Capitalism for the poor.

2

u/WiseWoodrow Jun 09 '25

Damn, that goes deep

1

u/dangerouslysublime Jun 10 '25

You people just spit out bs and people believe it. Too funny. These vacation homes created more tax revenue by far than they cost 40 years later when they fall into the ocean. The Outer Banks is one of the highest tax revenue creating areas in NC.