I have written a policy brief on this question for the Progressive Economics Group. It's available here.
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Branson, he can redirect his loot from spending on space travel to repairs for all and local jitney bus services
I will be honest, until we bury the dead, this is a conversation for another day. I saw a report of a two year old being swept into the sea and their mother in pieces. Richard makes a good point, but for another day.
I have stressed the requirement for humanitarian aid
But the issues are not separable eventually and so the need has to be anticipated now
Who should pay? Can be read in two directions. Some will pay, in extreme, with their lives – some with the loss of their homes, means of livelihood. Then there’s who will pay to rebuild, return to ‘normality’.
The answer to the second question, the one Richard is asking, has to be – All of us.
We seem to be ill prepared for the extremes of weather, among other things. It would be interesting to know the financial resources (i.e. human, skill, time and effort) the USA have designated to dealing with the increasing natural challenges of weather systems, compared with the resources allocated to military offence/defence.
The same applies, of course, to ourselves, and the rest of humanity.