25 May 2008

Harvest of Disgrace

The Economist blasts the Farm Bill as a useless tub of pork for rich people (average income of $229,920) that also promises to weaken food security by guaranteeing today's high prices in future years.

Politicians voted in overwhelming numbers to support the transfer of about $300 billion (direct costs; indirect costs will be much higher) over five years from 300 million people to just over 3 million "farmers." That means taking $1,000 from every man, woman and child in the US and giving $1,000,000 to every "farmer," i.e., robbing the poor to pay the rich.


Correction: $100,000 per farmer. Much better -- NOT!