8:57 AM
@Lilienthal Pretty much. I know a lot of the stuff in my own corner of Finance, and I know a guy who works in insurance who knows much of theirs.
Great example: Flood insurance. A lot of homes are simply uninsurable because they flood so often. The government mandates that insurance companies have to cover them anyway, and subsidises them to make it viable.
But the government doesn't pay for that subsidy, instead they just put a levy on every home insurance policy in the country.
So if you own home insurance, congratulations, there's a hidden tax in there to subsidise people who bought homes on a flood plain.