They're wealthy because they were paid for not using their agricultural land, so they cropped down all the trees on parts of their land that they couldn't use, to classify it as agricultural, got paid, and as a side effect caused downstream flooding
Just to stay on topic: outside the US there's a general rule of thumb: if Meta is against it, the EU is probably doing something right.
Just to stay on topic: outside the US there's a general rule of thumb: if Meta is against it, the EU is probably doing something right.