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Accountability folly free trade & free markets moral hazard national politics & policies porkbarrel politics

Super-Subsidize Me

welfare, taxes, charity, subsidy, subsidize, shrimp, stadium, Tesla

“In American political discourse, those on the side of the sick, poor, and underprivileged tend to favor more federal government intervention,” writes Heartland Institute policy advisor David D’Amato at The Hill. He explains that many “see government as . . . rather like a charity . . .”

Sure, government can act charitably, except that its money isn’t given voluntarily, and the recipients are often not so needy.

Earlier this month, the stock price of electric car company Tesla, Inc. rose high enough to overshadow General Motors. That’s great news for billionaire Elon Musk, Tesla’s CEO. But an Investor’s Business Daily editorial noted, “[T]he company is heavily reliant on taxpayer support.”

Who benefits (in addition to Musk)? “A study published by the National Bureau of Economic Research found that 90% of electric car subsidies go to the top 20% of households,” the editorial stated. IBD added that it was “a lot of welfare-for-the-rich for very little environmental benefit.”

In addition to funding advanced technology, American taxpayers have spent $6.7 billion over the last few decades to subsidize stadiums for wealthy sports team owners. The latest? In Clark County, Nevada, taxpayers forked over $750 million ($354 for every resident) to bribe — er, bring — the Oakland Raiders to Las Vegas.

The ridiculous Minnesota legislation to feed $5 million in state funds to start two shrimp farms almost seems reasonable in comparison. Almost.

“Maybe growing shrimp in Minnesota is a great idea,” admits John Hinderaker of the Center of the American Experiment. “If so, the owners should do what other small businessmen do: either find investors, or get a bank loan.”

Government’s crony capitalism taxes the poor to give to the rich.

This is Common Sense. I’m Paul Jacob.

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Thought

Samuel Butler

Life is like playing a violin solo in public and learning the instrument as one goes on.

Samuel Butler, Speech at the Somerville Club, February 27, 1895.
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Today

Sibyl’s Ride

On April 26, 1777, Sibyl Ludington, aged 16, rode 40 miles to alert American colonial forces to the approach of the British. Her ride was over twice as long as the more famous Paul Revere’s.

On the same day in 1805, United States Marines captured Derne under the command of First Lieutenant Presley O’Bannon, an important event in the First Barbary War. In April 26, 1865, Union cavalry troopers cornered John Wilkes Booth, assassin of President Lincoln, in Virginia, shooting him to death. There was no interrogation.

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general freedom media and media people responsibility

Less Innocent Times?

Dan Balz, Term Limits, coffee, internet, media, web, trust

Many years ago, waiting for coffee at a vendor in front of the Washington Post building and across the street from my U.S. Term Limits office, I often exchanged friendly banter with the Post’s Dan Balz.

Coffee in hand last Sunday, I read Balz’s column, “A scholar asks, ‘Can democracy survive the Internet?’”

“In more innocent times, the rise of the Internet was seen by many people as a boon to democracy,” Balz began, adding that “the Web broadened the flow of information, introduced new voices into the political debates, empowered citizens and even provided a powerful fundraising tool for some lesser-known candidates such as Barack Obama and Bernie Sanders.”

Obama, Sanders . . . all to the good!

“Now, in what are clearly less innocent times, the Internet is viewed as a far less benign force,” he continues, next to a picture of President Donald Trump’s Twitter feed.  “It can be a haven for spreading fake news and rewarding the harshest and most divisive of political rhetoric.”

Mr. Balz’s time continuum is faulty. The “innocent times” when Bernie Sanders used the Internet to raise money were the same “clearly less innocent” times when voters elected President Trump.

“Neither the legacy media nor the established political parties,” Balz bemoans, “exercise the power they once had as referees.”

Nathaniel Persily, the scholar cited by our legacy-media columnist, shares Balz’s anti-Trump bias. But he makes an important point, writing that the Trump campaign “could only be successful because established institutions — especially the mainstream media and political party organizations — had already lost most of their power.”

People voted against the less-than-innocent political (and media) establishment.

This is Common Sense. I’m Paul Jacob.

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Illustration based on original artwork by PRO With Associates

 

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Thought

C. S. Peirce

In all the works on pedagogy that ever I read — and they have been many, big, and heavy — I don’t remember that any one has advocated a system of teaching by practical jokes, mostly cruel. That, however, describes the method of our great teacher, Experience.

C.S. Peirce, “Pragmatism and Pragmaticism” (1903).
Categories
ideological culture political challengers too much government

Forwards ! Backwards ?

Emmanuel Macron, Marine Le Pen, France, French, elections, immigration, government,

France held an election over the weekend. Emmanuel Macron and Marine Le Pen came out on top, and will face each other in a runoff on May 7th.

Current polling puts Macron over Le Pen, 62-38. But a SkyNews reporter cautions: there is no certainty.

We in America have reason to respect that cautionary note. Our last election was an upset against the establishment candidate in favor of a wild card often dubbed “far right” and even “fascist” — which is precisely what Ms. Le Pen is being called.

Indeed, pitting a Big Government “centrist” (Macron) against an anti-immigrant protectionist (Le Pen) in the context of an economic slump and rising terrorism, and with neither candidate having much contact with limited-government principle, eerily echoes the 2016 U.S. presidential race.

But, on closer inspection, the parallels between the American and French contests appear inexact. Macron’s En Marche ! party* was created just over a year ago, while Le Pen’s National Front has continually found itself on the margins of power, despite its rise in popularity.**

Still, it is hard not to suspect that Ms. Le Pen could come from behind to upset the status quo. Macron is not invulnerable. The man worked, after all, in Hollande’s government, and Le Pen has characterized him as a socialist in a snazzy suit.

Macron is way ahead in the polls. And TV experts talk about how reliable modern polling is, while we in America . . . snicker.

But, since France lacks an Electoral College, can Le Pen really “Trump” the odds?

France will be in for a bumpy fortnight.

This is Common Sense. I’m Paul Jacob.

 

* Amusingly, the party’s initials are identical to those of its founder, Emmanuel Macron. “En Marche !” (the extra space is there in party material) translates into English as “Forward!” or “On the Move!” and is formally designated as the Association pour le renouvellement de la vie politique (the Association for the Renewal of Politics).

** All the established, formerly governing parties are on the outs.

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Thought

Samuel Butler

The most important service rendered by the press and the magazines is that of educating people to approach printed matter with distrust.

Samuel Butler, Notebooks (1951).

Categories
Today

Congress’s Library

On April 24, 1792, the French national anthem, “La Marseillaise,” was composed by Capt. Claude Joseph Rouget de Lisle.

Eight years later to the day, the United States Congress approved a bill establishing the Library of Congress.

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links

Townhall: Winning at the Polls, But Not in Governing

Republicans control both houses of Congress and the White House, with a majority of Supreme Court justices having been appointed by GOP presidents.

Why so little progress?

Well, during six of the eight years of George W. Bush’s presidency, Republicans controlled both the White House and Congress. And what did they do? Added a new entitlement, Medicare Part D, and kept the federal money-go-round swirling at breakneck speed. Additionally, the Roberts Court, a majority appointed by Republican presidents, managed to contort its way to upholding Obamacare.

And at the state level? The politics, more solidly Republican; the results, more decidedly ambiguous. Click on over to Townhall. Then come back here. For more perspective.

Categories
Today

A Student Protest

On April 23, 1968, students at New York City’s Columbia University held a demonstration to protest military research and the condemnation of part of the neighboring Morningside Heights section of Harlem to make way for a new student gymnasium. The protest escalated into a week-long occupation of five campus buildings before police moved in. Some 712 students were arrested, and over 100 injured during the forcible eviction. After the university-ordered police response, a student strike shut down the campus for the rest of the semester.