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More US government corporatism

June 2, 2008

Congressional Democrats, working with giant insurance corporations are working on legislation that takes wealth from every taxpaying citizen to satisfy the needs of corporate America while appearing to help the common man. Congress is well versed in diverting the wealth of the nation into corporate coffers; they’ve been practicing corporatism for many years. This time, they seek to transfer money to insurers while making those living in areas prone to natural disasters feel like it’s all about them.

Proponents of this scheme claim that the average Florida homeowner will see savings of approximately $500 in annual insurance premiums. Floridians are not the only homeowners spared spiraling “re-insurance” costs. Residents of every coastal state – even those that have never experienced a hurricane – benefit from the forced generosity of their landlocked neighbors.

That’s great news if you live in Florida, or you’re an insurance corporation worried about continual monetary injections into the corporate bank account. Where does that leave the rest of us?

If Hurricanes Katrina and Rita provided any lessons, they are all but forgotten. Large numbers of people unable to pay insurance premiums resided in areas considered at risk of flood and hurricane damage. Following the storms, the government provided housing, food, clothing, medical care and transportation to those who were not insured. At some point, the government decided to rebuild their homes on the same property. The costs of rebuilding were once again born by the American taxpayer.

The Constitution provides no authority to the U.S. government for any such activity. Even if We the People wanted to use hundreds of billions of tax dollars to help our neighbors in Louisiana and Mississippi, that help would not include re-building homes in the same location, knowing that in the event of another catastrophic storm, We the People must pick up the tab for yet another reconstruction effort. If those residents were unable to purchase insurance before the storms hit, is it possible that insurance coverage is now miraculously within their grasp?

I enjoy the area along the coast just as well as the next guy. I also know that I couldn’t risk losing everything I own to live there. If you can’t afford insurance coverage for property along the coast, you have no business living there. It is morally and ethically wrong for any citizen to expect that others pay for his stupid mistakes.

It is also morally and ethically wrong for our elected “representatives” to plot methods for the transfer of wealth from taxpayers to corporate coffers. All too often, corporations are directly involved in shaping government policy in a manner that solely benefits business, yet appears to help the common man. This “nationalizing” segments of an industry is also called state corporatism and is unconstitutional and must be stopped.

Our nation is teetering on the verge of bankruptcy. Until lawmakers understand simple economics and take corrective action, we continue sliding down the slope toward fiscal suicide. All the while, our dollar is collapsing due to mismanagement of monetary policy and money supply by the Federal Reserve. We cannot grow our way out of this economic downturn. Our elected “representatives” cannot tax us into prosperity.

Tell your elected “representatives” that it is not in the best interest of our nation to subsidize disaster insurance with tax dollars.

Until next time,
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