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That's pretty terrible for all the people living in coastal areas, which is a large part of the human population.

It's also pretty terrible for all the people not living in coastal areas, because people living in coastal areas will not want to live under water.

It's pretty much lose-lose.

It's very wealthy people in the first world and very poor people in the third world.

Poor people will stand up and walk inland.

The rich will do anything they can to convince everyone else to pay for their property losses

Sounds like a reasonable assumption.