State University of New York Institute of Technology
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Does Aid To Rebuild After Hurricane Sandy Constitute “Moral Hazard”?


I believe that it may not be ethical to rebuild areas repeatedly devastated by natural disasters, but I also believe that if we could rebuild smarter and learn from mistakes that we could greatly reduce the cost to rebuild. Stricter building codes and higher insurance costs in disaster prone areas could help with the shrinking federal budget. While these are just a couple ideas, the best way to avoid these kinds of disasters is to not live in disaster areas. Living in upstate New York, were natural disasters hardly ever occur, my opinion may be slightly biased but living in an area where you repeatedly have to rebuild throughout your life just doesn’t make sense to me. Although I do realize that once you commit your life to an area it’s hard to leave. I just hope in the future that natural disasters are not nearly as costly as they are now.


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