Unintended Consequences, Hurricane Edition | THE COLLINE GATE

Don
Illuminati

Posts: 1,547

Unintended Consequences, Hurricane Edition Sept 6, 2017 8:19:46 GMT -5

Post by Don on Sept 6, 2017 8:19:46 GMT -5

Politico explains, in detail, how crony crapitolism destroys billions in material wealth and gets people killed.

www.politico.com/story/2017/09/02/flood-insurance-program-lobbyists-242275?cid=apn

Jim Bovard calls for an end to the insanity in USA Today, receives emotive death threats for speaking simple economic truths.

www.usatoday.com/story/opinion/2017/09/01/harvey-proves-flood-subsidies-must-end-james-bovard-column/619926001/

Why should taxpayers be on the hook for other people's bad judgement? Apparently, to protect the profits of the lobbyists who keep this economically-idiotic scheme alive.

How many more billions and lives will be lost to keep corporate profits up?

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Economics puts parameters on people’s utopias. ~Peter Boettke
"It's the voter's fault" is victim-blaming in its purest sense. ~Don
The 'social contract' is to the politician what 'original sin' is to the priest. ~Don
The vision of the helpful and protective state is the most pervasive and counter-productive ideology in the world today. ~Don
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robeiae
Thaumaturge

On a down bound train

Posts: 6,692

Unintended Consequences, Hurricane Edition Sept 7, 2017 14:53:01 GMT -5

Post by robeiae on Sept 7, 2017 14:53:01 GMT -5

Those are some fascinating numbers. Especially the ones like this from the second story (Don, for some reason your link to that does not work):

The Washington Post recently reported that a house “outside Baton Rouge, valued at $55,921, has flooded 40 times over the years, amassing $428,379 in claims. A $90,000 property near the Mississippi River north of St. Louis has flooded 34 times, racking up claims of more than $608,000.”

That's just...

ETA: And my attempt to link the second story also seems to have failed. Weird.

Last Edit: Sept 7, 2017 14:53:58 GMT -5 by robeiae

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Don
Illuminati

Posts: 1,547

Unintended Consequences, Hurricane Edition Sept 7, 2017 17:33:17 GMT -5

Post by Don on Sept 7, 2017 17:33:17 GMT -5

The link's weird, but the editorial is easy to Goggle. I've got Jim on my FB feed, and the ugliness he's enduring for pointing this out is beyond insane. Apparently he's a heartless racist misogynistic fascist who wants the elites to prosper and everyone else to die.

You know, just like the people who are pointing out that scarce goods get more expensive if transportation networks get clogged or break down.

Economic illiteracy is destroying our society.

____________________________________________________
Economics puts parameters on people’s utopias. ~Peter Boettke
"It's the voter's fault" is victim-blaming in its purest sense. ~Don
The 'social contract' is to the politician what 'original sin' is to the priest. ~Don
The vision of the helpful and protective state is the most pervasive and counter-productive ideology in the world today. ~Don
____________________________________________________

Quote