Floyd showed no mercy. The coast was pounded. Few can afford insurance. The government is solvent, barely. There are no property or income taxes for Bahamians.
Foreigners do pay property taxes.
The Government derives its income from duty on all imports. Since there is little manufacturing or farming on these shores just about everything we use or consume is taxed. This is not an inexpensive place to live. Subsidence living was once cheap if you had a boat and could fish. Television and tourism seems to have changed all that.