Friday, June 17, 2011
Mumford & Sons - The Cave
Police Celebrate Seized Online Gambling Funds
Apologies to the Americans who won’t be receiving the money they deposited via a fake business the government set up, but fear not as they’re going to be buying lots of shiny new police toys with your money. This is yet another way in which horrid police activity fuels itself (much more about that here). The police received monetary rewards for disrupting the lives of innocent people and are using that money to buy fancy new equipment which they will use to harass even more private American citizens engaged in activities that some bureaucrat finds distasteful.The original article showed up on a popular online poker web forum and individuals from across the world began expressing their disapproval in the comments section. As one online commentator aptly described the situation: “This is disgusting. Their smug faces make me wanna puke.” Another wrote: “So they have taken money that belongs to American citizens. That’s stealing! We should inform the police, oh wait…”
(Via Amy Alkon.)
The Forfeiture Racket
According to a 1992 Cato Institute study examining the early results of the Comprehensive Crime Control Act, total federal forfeiture revenues increased by 1,500 percent between 1985 and 1991. The Justice Department’s forfeiture fund (which doesn’t include forfeitures from customs agents) jumped from $27 million in 1985 to $644 million in 1991; by 1996 it crossed the $1 billion line, and as of 2008 assets had increased to $3.1 billion. According to the government’s own data, less than 20 percent of federal seizures involved property whose owners were ever prosecuted. [Emphasis added.]
Labels: Forfeiture Racket
Friday, June 10, 2011
Drum Solo Week
Thursday, June 02, 2011
This is the rich or why unemployment isn't falling
The man in the aisle seat is trying to tell me why he refuses to hire anybody. His business is successful, he says, as the 737 cruises smoothly eastward. Demand for his product is up. But he still won’t hire.
“Because I don’t know how much it will cost,” he explains. “How can I hire new workers today, when I don’t know how much they will cost me tomorrow?”
He’s referring not to wages, but to regulation: He has no way of telling what new rules will go into effect when. His business, although it covers several states, operates on low margins. He can’t afford to take the chance of losing what little profit there is to the next round of regulatory changes. And so he’s hiring nobody until he has some certainty about cost.
My seat-mate seems to think that I’m missing the point. He’s not anti-government. He’s not anti-regulation. He just needs to know as he makes his plans that the rules aren’t going to change radically. Big businesses don’t face the same problem, he says. They have lots of customers to spread costs over. They have “installed base.”
For medium-sized firms like his, however, there is little wiggle room to absorb the costs of regulatory change. Because he possesses neither lobbyists nor clout, he says, Washington doesn’t care whether he hires more workers or closes up shop.
“Invisible,” he says. “I know there are things the government has to do. But they need to find a way to do them without people like me having to bump into a new regulation every time we turn a corner.” He reflects for a moment, then finds the analogy he seeks. “Government should act like my assistant, not my boss.”
Simple, straight-forward reason why our economy is moribund. This man is an example of the rich that the left so easily demonizes but for whom our economy is dependent. Without his efforts and desire to take risks nothing happens. The beauty of America is that there are people like this who are willing to take chances, work hard, and still suffer the opprobrium of fools.