A Stitch in Haste

A Stitch in Time Saves Nine...But Haste Makes Waste

A collection of real-world libertarian, individualist and laissez-faire rants on law, economics, politics, culture and other current events
by an average, everyday lawyer & investment banker and part-time pop scholar.

Like Manna Money Falling From Heaven
First it was revealed that you don't actually have to farm to get taxpayer-funded farm subsidies.

Now we learn that you don't have suffer from drought to get taxpayer-funded drought relief.
On a clear, cold morning in February 2003, Nico de Boer heard what sounded like a clap of thunder and stepped outside his hillside home for a look. High above the tree line, the 40-year-old dairy farmer saw a trail of smoke curling across the sky -- all that remained of the space shuttle Columbia.

Weeks later, de Boer was startled to learn that he was one of hundreds of East Texas ranchers entitled to up to $40,000 in disaster compensation from the federal government, even though the nearest debris landed 10 to 20 miles from his cattle.
...
In all, the Livestock Compensation Program cost taxpayers $1.2 billion during its two years of existence, 2002 and 2003. Of that, $635 million went to ranchers and dairy farmers in areas where there was moderate drought or none at all, according to an analysis of government records by The Washington Post. None of the ranchers were required to prove they suffered an actual loss. The government simply sent each of them a check based on the number of cattle they owned.
No actual loss? I wonder how the Katrina victims would feel about that.

And a per-steer subsidy of course inevitably means that larger (i.e., wealthier) ranchers get more taxpayer money. Because we have to help those "in need." Great disaster, if you can get it.

Those who insist that the redistributionist state can serve supposedly "noble" purposes forget that the people who create and administer such programs are as a group anything but "noble" --
Hurriedly drafted by the Bush administration in 2002 and expanded by Congress the following year, the relief plan rapidly became an expensive part of the government's sprawling system of entitlements for farmers, which topped $25 billion last year.
This Congress -- this Republican Congress -- has repeatedly shown that it has no scruples whatsoever when it comes to buying votes.

Remember, much of this no-disaster relief goes to Texas ranchers. What state is President Bush from again? Former House Majority Leader Tom DeLay?

And when you factor in the disproportionate representation of the agricultural "fly-over states" in the Senate, how can farmers and ranchers not, um, "reap" a windfall, while the rest of us are, um, "slaughtered" by redistributionist, Politics of Pull programs such as this outrage?

---

Incidentally, if beef is unhealthy, then why are we subsidizing it in the first place? Shouldn't we be taxing cattle rather than underwriting it?

Related Posts (on one page):

  1. "Do They Know It's Tariff-Time At All?"
  2. Like Manna Money Falling From Heaven
Posted by Kip on 18 July 2006.
"Do They Know It's Tariff-Time At All?"
Your tax dollars at work -- causing Africans to remain stuck in poverty:
After five years of negotiations to reduce barriers to international trade, global trade talks broke down today when the United States and the European Union failed to agree to reduce farm subsidies and protective tariffs.
...
Developing nations are demanding that rich nations reduce the high tariffs they use to protect their farmers from low-cost foreign competition, and to reduce the billions they spend annually subsidizing farmers. Only then, the developing nations say, can they open their own markets to more Western manufactured goods and services.
And remember, the goal of farm subsidies -- which do not always go to farmers -- is often to keep agricultural prices high (i.e., to make you pay more) by bribing farmers -- who are not always farmers -- not to produce, to restrict supply. Which the government can only do if tariffs shut out other nations from our markets.

Higher taxes, higher prices, impoverished Africans. Lovely.

And what, meanwhile, are the Africans going to do about it?
But most importantly we need to realize that we should now look to Asian markets and China since the big boys (Western countries) are not ready," Erastus Mwencha, general secretary of [the] Common Market for Eastern and Southern Africa (COMESA), told Reuters.
Remind me again how forcing Africa to sell their low-priced exports to China and not us, while keeping our prices artificially high through taxes, will help our economic position relative to China?

Higher taxes, higher prices, impoverished Africans ... and another economic advantage for China. Lovelier.

Related Posts (on one page):

  1. "Do They Know It's Tariff-Time At All?"
  2. Like Manna Money Falling From Heaven
Posted by Kip on 24 July 2006.