Monday, December 02, 2013

When even the Wall Street Journal is against the 1% ...

In one of my many favorites of George Carlin's routines, he makes fun, in his trademark manner, the arrogance that we humans have when interacting with nature.  Carlin mocks how we build homes next to volcanoes and wonder why there is lava in the living room.

But, even George Carlin couldn't force people to think and act sensibly.  What chance do I have then, right?

Of course, my Quixotic pursuits mean that I have yelled and written about that kind of madness too.

Back on March 3, 1997--yes, almost 17 years ago--the Bakersfield Californian published my op-ed in which I questioned the sanity behind "locating a home or a business in a flood plain in the first place."  To me, this is simply asking for trouble.  And when homes get flooded, we immediately demand that government bail out the homeowners.
Instead of asking such "real" questions, we insist on playing Russian Roulette with the chaotic forces of nature.  The result is that it has become quite common for every natural happening to be labeled a disaster. 
If we were rational, then we would not build homes in flood plains and by the coastlines.  We would keep a safe distance between those natural boundaries and our built environment.  But, irrational we are.  And worse than being irrational, we are irrationally arrogant!

Here is the irony: in poor countries--think Bangladesh, for instance--it is the poor folk who live in those dangerous lowlands.  Because they cannot afford any better.  Here in a mighty rich society, it is the other way around--the richer one is, the closer they want to have their buildings near the pounding waves and the flowing waters.

So, ask yourself this: when we bail out these rich folks, does it not mean that poor in inner cities or rural hinterlands are being shortchanged?

But, who ever listens to me!

Which is why I nearly fell off the chair when I read a Wall Street Journal editorial that came out swinging with this opening sentence:
Federal flood insurance is a classic example of powerful government aiding the powerful, encouraging the affluent to build mansions near the shore
Say what?
Congress finally had the gumption to reform the program in 2012, but now the beachfront homeowner and housing lobbies are trying to reverse this progress.
Imagine that!  Thanks to a bipartisan reform signed into law by President Obama, "the federal insurer is slowly raising its rates to actuarially sound levels" and that is being opposed by lobbies, when the beneficiaries are the rich.  How insane is that?
When Republicans hear such good sense from the Obama Administration, they ought to embrace it. They should not endorse another taxpayer subsidy for those who want to live next to the ocean while sticking others with the costs of their lifestyle.
My failure to influence any action is easily understandable.  You, dear reader, are as powerless as I am.

You think the mighty Wall Street Journal and its allies will be able to fight those lobbies that are active on behalf of the one-percent?

I doubt it.  "We the people" will always get screwed over and over.

Maybe my problem is that I don't dream enough to be in the one percent ;)

2 comments:

Ramesh said...

Well, you are the one percent, but we'll let that pass :) Easily one percent of the world, and five percent of America's .....

There is one thing we can do. We can forego the subsidies that we don;t deserve. In India - don't buy the diesel car, don't take the cooking gas subsidy, don't use the senior citizen's subsidy and so on. That's the right thing to do even though others may call you a nut case. If more think that way .......

Sriram Khé said...

Didn't you blog a while ago on your experiences with wanting to pay the full price for cooking gas?

It is awful that public support is not ever limited to only those whose economic conditions are below what a society would desire that its people had. Instead, we waste so much on those who have and have in plenty!