How stupid does it get????
If you OWN 10 thousand dollars (your financial assets), then the value of our holdings is diminished by $5.26 although the dollar denominated amount of financial assets remains constant. For those of us who have liquid assets more like 2 or 3 grand, we get hit for couple of bucks worth of value. It seems a very fair way to bill the general population for disaster relief specifcally. Not recommended as a replacement for taxation, but a good way to manage the overall insurance system administered by FEMA.