Is No Food Sacred? EU Goes After Cinnamon Rolls.

Imagine if Bloomberg tried to ban bagelsProbably Michael Bloomberg knows better than
to try this: The European Union’s extremely meddlesome food
regulations are
threatening Denmark’s cinnamon rolls
. They have more cinnamon
in them than the government collective thinks Danish people should
be allowed to consume.

From The (U.K.) Telegraph:

The season’s festivities in Denmark have been overshadowed by
the prospect that it could be the last Danish Christmas before a
European Union ban on their beloved kanelsnegler or
cinnamon rolls.

The proposed ban followed plans by Denmark’s food safety agency
to implement EU regulations aimed at limiting the amount of
coumarin, a naturally occurring toxic chemical found in the most
commonly used type of cinnamon, cassia.

Under Danish interpretation of the EU legislation the amount of
cinnamon in “everyday fine baked goods” will be limited to 15mg per
kilo meaning a ban on Kanelsnegler pastries, a winter favourite in
all Nordic countries, which take their name from their coiled snail
shape.

The problem, though, is that although coumarin is technically
toxic chemical, experts say it’s not this toxic.
Furthermore, it only affects those who are particularly sensitive
to it. People aren’t keeling over from eating cinnamon rolls –
well, at least not because of their toxicity anyway. NPR

explored
what experts have to say about cinnamon:

Experts say that adults would have to eat a lot of Cassia
cinnamon to be at risk. For an adult, that limit is about a
teaspoon a day, according to the set by the European Food Safety
Authority — or roughly about as much cinnamon as you’d find in an
entire batch of cookies.

For small children, the amount is lesser, but even so, the child
would have to eat a lot of cinnamon rolls and also be susceptible
to the toxin. An expert tells NPR:

Only certain individuals are even going to be susceptible to
liver issues from coumarin. … That person would have to exceed the
maximum recommended daily intake for at least two weeks before
liver problems cropped up — and if problems do occur, the toxicity
is reversible.

In other words, there’s little reason to regulate cinnamon
content in food at all, let alone with such harsh rules.

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from Hit & Run http://reason.com/blog/2013/12/26/is-no-food-sacred-eu-goes-after-cinnamon
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100 Years Of Success? – Fed ‘Inflation’ Style

Money is only as useful as to what it can purchase. The Fed has created a system where debt is now equal to money.  This is why big purchases like cars, housing, and even going to college are only feasible by mortgaging your future for many decades. Since the payments are broken down into tiny monthly installments many people pay little attention to the true cost of things over their lifetime. Yet, as MyBudget360 shows, over time, the U.S. dollar has lost a tremendous amount of purchasing power due to inflation. Inflation slowly eats away at your purchasing power yet having access to debt has given the middle class the false impression that they are still protected from the unraveling impacts of inflation. They are not…

As MyBudget360.com goes on to note,

Someone sent over a photo posted over on the popular Reddit website that shows the cost of living for people back in 1938.  You would think that people in 2013 would have more purchasing power than those living through the Great Depression.  Adjusting for inflation you would be surprised what has happened in the last 75 years.

 

The cost of living between 1938 and 2013

The picture in question has prices for living from 1938.  It includes important items like a new home, income, new car, rent, and extreme purchasing examples like tuition for Harvard:

cost of living

Source:  Reddit

You can normalize costs over time through adjusting for inflation.  Back in 1938 a new home cost about two times the annual average income.  A new car was only about one-third the cost of the annual average income.  These figures are important because back in 1938, using credit was only a small factor in purchasing goods.  The middle class didn’t start blossoming until after World War II so you would expect that things were still tough for regular households.  What we find though is that compared to the typical income, buying a new home or buying a car was relatively doable for most households.

Now adjusting all these figures for inflation shows how much more expensive things have become and how dependent we now are to financing purchases with debt (created by the banking system):

inflation and actual prices

 

This chart shows the impact of inflation and the declining purchasing power of the US dollar.

For example, a new home adjusting for inflation (using the BLS calculator) should cost around $64,597 per year.  The current cost of a new home?  $245,800.  The average income has stayed about the same normalizing for inflation (doesn’t say much since we are going back to the Great Depression here).  A new home today costs nearly 10 times the annual average income of a worker.  The two income trap has largely hidden this inflation since it now takes two households to accomplish what one income was able to do 75 years ago.  On top of that, people now need to go into massive debt just to purchase a home. 

 

Take a look at the cost of a new car as well.  In 1938 a worker was able to purchase a new car with one-third of their annual income.  Today a new car is more expensive than the annual average income.  This is why in 2013 one of the top growing consumer debt sectors was with automobile loans.

 

If things stayed the same, the cost of attending Harvard for one year in 2013 would be closer to $7,000 per year (the current tuition is $54,496 per year).  It isn’t only Harvard charging incredibly high tuition around the country.  Of course the higher education bubble is one of the most pressing issues around creating a $1.2 trillion student debt market

 

Rent, movie tickets, and even gasoline are much more expensive today adjusting for inflation.  This puts a heavier strain on the pocketbook of most Americans.  It also has created a dependency on debt.

 

We do have stronger safety nets so we don’t have the “in your face” poverty of the Great Depression.  Yet we still have close to 48 million Americans on food stamps.  The area that has seen prices become more affordable is with food.  This however is largely derived from better access to food and products and the mass production of this commodity.  Yet the bigger costs of living in housing, cars, rent, and going to college are all much more expensive today.  It may feel cheaper to some if they only look at their monthly debt payment but the true costs have increased.

As Jim Quinn (of The Burning Platform blog) so eloquently sums up,

Who benefits?

 

Bankers!!!!

 

Debt peddlers win when income doesn’t keep up with costs and media propagandists convince the masses they must have what they can’t afford.

 

Has the Federal Reserve created inflation benefited you in any way whatsoever? Lucky for Ben, Janet and the rest of the Wall Street cabal the average American can’t make change from a one dollar bill, let alone grasp the concept of inflation. The government education system has done its job, just as our owners desired.

 

Remember – inflation is well contained. Ben is still worried that it is too low.

Know your enemy.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/hBk6fOnpowM/story01.htm Tyler Durden

100 Years Of Success? – Fed 'Inflation' Style

Money is only as useful as to what it can purchase. The Fed has created a system where debt is now equal to money.  This is why big purchases like cars, housing, and even going to college are only feasible by mortgaging your future for many decades. Since the payments are broken down into tiny monthly installments many people pay little attention to the true cost of things over their lifetime. Yet, as MyBudget360 shows, over time, the U.S. dollar has lost a tremendous amount of purchasing power due to inflation. Inflation slowly eats away at your purchasing power yet having access to debt has given the middle class the false impression that they are still protected from the unraveling impacts of inflation. They are not…

As MyBudget360.com goes on to note,

Someone sent over a photo posted over on the popular Reddit website that shows the cost of living for people back in 1938.  You would think that people in 2013 would have more purchasing power than those living through the Great Depression.  Adjusting for inflation you would be surprised what has happened in the last 75 years.

 

The cost of living between 1938 and 2013

The picture in question has prices for living from 1938.  It includes important items like a new home, income, new car, rent, and extreme purchasing examples like tuition for Harvard:

cost of living

Source:  Reddit

You can normalize costs over time through adjusting for inflation.  Back in 1938 a new home cost about two times the annual average income.  A new car was only about one-third the cost of the annual average income.  These figures are important because back in 1938, using credit was only a small factor in purchasing goods.  The middle class didn’t start blossoming until after World War II so you would expect that things were still tough for regular households.  What we find though is that compared to the typical income, buying a new home or buying a car was relatively doable for most households.

Now adjusting all these figures for inflation shows how much more expensive things have become and how dependent we now are to financing purchases with debt (created by the banking system):

inflation and actual prices

 

This chart shows the impact of inflation and the declining purchasing power of the US dollar.

For example, a new home adjusting for inflation (using the BLS calculator) should cost around $64,597 per year.  The current cost of a new home?  $245,800.  The average income has stayed about the same normalizing for inflation (doesn’t say much since we are going back to the Great Depression here).  A new home today costs nearly 10 times the annual average income of a worker.  The two income trap has largely hidden this inflation since it now takes two households to accomplish what one income was able to do 75 years ago.  On top of that, people now need to go into massive debt just to purchase a home. 

 

Take a look at the cost of a new car as well.  In 1938 a worker was able to purchase a new car with one-third of their annual income.  Today a new car is more expensive than the annual average income.  This is why in 2013 one of the top growing consumer debt sectors was with automobile loans.

 

If things stayed the same, the cost of attending Harvard for one year in 2013 would be closer to $7,000 per year (the current tuition is $54,496 per year).  It isn’t only Harvard charging incredibly high tuition around the country.  Of course the higher education bubble is one of the most pressing issues around creating a $1.2 trillion student debt market

 

Rent, movie tickets, and even gasoline are much more expensive today adjusting for inflation.  This puts a heavier strain on the pocketbook of most Americans.  It also has created a dependency on debt.

 

We do have stronger safety nets so we don’t have the “in your face” poverty of the Great Depression.  Yet we still have close to 48 million Americans on food stamps.  The area that has seen prices become more affordable is with food.  This however is largely derived from better access to food and products and the mass production of this commodity.  Yet the bigger costs of living in housing, cars, rent, and going to college are all much more expensive today.  It may feel cheaper to some if they only look at their monthly debt payment but the true costs have increased.

As Jim Quinn (of The Burning Platform blog) so eloquently sums up,

Who benefits?

 

Bankers!!!!

 

Debt peddlers win when income doesn’t keep up with costs and media propagandists convince the masses they must have what they can’t afford.

 

Has the Federal Reserve created inflation benefited you in any way whatsoever? Lucky for Ben, Janet and the rest of the Wall Street cabal the average American can’t make change from a one dollar bill, let alone grasp the concept of inflation. The government education system has done its job, just as our owners desired.

 

Remember – inflation is well contained. Ben is still worried that it is too low.

Know your enemy.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/hBk6fOnpowM/story01.htm Tyler Durden

THe LaW MiLL…

.
.

CNN–According to a new CNN poll out Thursday, two-thirds of Americans surveyed agree that the current Congress is the worst in their lifetime. Nearly three-quarters of respondents — rich and poor, young and old, Democrats and Republicans — agreed this is a “do-nothing” Congress.

 

 

WB7–I disagree. I think this Vichy Congress does plenty in the destruction of civil liberties department and is the absolute worst ever when it comes to protecting our Constitution.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/b8wzY3Lmn24/story01.htm williambanzai7

The Job Market Is Officially Fixed

We are happy to announce that the job market is officially fixed.

It was almost exactly a year ago when we reported that Delta Airlines received 22,000 applications for 300 flight attendant jobs in the first week after posting the positions outside the company. The applications arrived at a rate of two per minute. Said otherwise, the precious few lucky hires had overcome an acceptance ratio of 1.3%. Putting this into perspective, the acceptance ratio at Harvard, the lowest of any university, is 5.9%.

Fast forward to today and once can clearly see an improvement: over the weekend, Southwest Airlines Co. which last hired flight attendants from outside the company in 2011, received applications at a rate of only 80 a minute, getting a paltry 10,000 resumes for 750 openings.

“It was the first time we did that in a while, and of course anytime we do it, it’s like opening up the floodgates,” Chief Executive Officer Gary Kelly told employees in a weekly recorded message. “We knew it would be the same this time.” So “this time is different” only works for the S&P. But more importantly, the Southwest acceptance ratio was a safety-school comparable 7.5%, or 13.333 applicants for every vacant spot. Comparing this to the 73.333 applicants that Delta got a year ago and one can see just how much “stronger” the US job market, not to mention the seasonally adjusted, inventory boost-driven economy has become.

Finally, consider that 2 years ago the Atlanta-based carrier received 100,000 applications for 1,000 jobs when it last hired flight attendants in October 2010, or 100 applicants for every spot. 

When one looks at this trend, what can one say but unmistakeable, unambiguous jobs recovery.

Actually, on second read, the way Bloomberg phrases it may leave on with a doubt or two about the bolded statement:

The deluge of applications in two hours and five minutes at Dallas-based Southwest also underscores the demand for work even as U.S. economic growth gathers pace.… New hires at Southwest will earn about $24.39 an hour and work a minimum of 66 hours a month, Dan Landson, a spokesman for the Dallas-based company, said in a telephone interview. Hiring for the positions will be completed in the next year, he said.

So, $24.69 x 66 = $1,610 per month, or $19320 per year… pretax. It was unclear as of this writing who gets to foot the Obamacare bill since the hours worked is below the full-time worker minimum.

Oh well, job recovery or non-job, non-recovery, all that matters is that the $160 billion in joint liquidity injection between the Fed and BOJ (and another $200 billion or so from China) has managed to push global equity markets to daily fresh record highs. In retrospect, why does anyone need to work. Just BTFATH.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/YP6E0dfb3Ms/story01.htm Tyler Durden

Obamacare Not So Affordable, Debtors’ Jails May Be Making Comeback, Ship Trapped in Antarctic Ice: P.M. Links

  • if you like your ice shelf you can keep itMassachusetts and Vermont, who
    used the same contractor for their healthcare exchanges as the
    federal government, are
    looking
    at ways to withhold payment and reviewing their legal
    options in trying to recoup their losses. A USA Today
    analysis, meanwhile,
    finds
    that in more than half of the counties in the 34 states
    serviced by the Affordable Care Act-mandated federal exchange there
    are no affordable plans for couples over 40 who don’t qualify for
    subsidies. Some experts are
    concerned
    that Obamacare could turn into Medicaid in the way
    that it limits the availability of doctors.
  • Civil liberties groups
    warn
    that judges across the country are throwing people in jail
    for outstanding debts, bringing back de facto “debtors’ prison”
    despite a prohibition on the practice.
  • The Milwaukee school district has 15 vacant school buildings
    that cost it up to $771,000 a year to maintain. It hasn’t used some
    of them in more than a decade, but
    refuses
    to sell any to charter or private schools.
  • California school districts are
    preparing
    for new regulations related to transgendered students
    set to take effect on January 1, and are also preparing for the
    possibility it’ll be delayed by a court order just a few days after
    that.
  • A likely US drone strike
    killed
    three suspected militants in the North Waziristan region
    of Pakistan, according to unnamed intelligence officials in the
    country. Separately, Pakistan
    insists
    it will raise the issue of US drone strikes in the
    country with UN Human Rights Council.
  • Six African Union peacekeepers from Chad were
    killed
    in the Central African Republic by “anti-balaka”
    Christian militias. The UN, meanwhile,  is
    scrambling
    to send more peacekeepers to South Sudan, where
    violence broke out after a failed coup earlier this month.
  • Turkish prime minister Recep Erdogan says he
    thinks
    he’s the target of a new corruption investigation in
    Turkey, but that investigators would leave “empty handed.”
  • A Russian ship, carrying 74 people on a scientific expedition,
    has been
    trapped
    by ice off the coast of Antarctica, according to the
    Australian Maritime Safety Authority

Follow Reason and Reason 24/7 on
Twitter, and like us on Facebook.
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can also get the top stories mailed to
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Have a news tip? Send it to us!

from Hit & Run http://reason.com/blog/2013/12/26/obamacare-not-so-affordable-debtors-jail
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Stocks Surge For Sixth Straight Session

Despite the mainstream media's premature exuberance over the 10Y yield breaking above 3.00%, it didn't (according to Bloomberg) but that didn't stop it from closing as close as it can get to the high yields of the year (and back to July 2011 levels) at 2.9905%. The USD drifted getly lower with GBP and EUR strength the biggest drivers. Commodities saw Gold and even more Silver jump at the open then drift while copper and oil limped higher. Volume in stocks was 20% below last Boxing Day which provided the perfect recipe for a VIX smack-down, slow meltup rally to new record-er highs.

 

The 10Y Yield did not (sorry not) cross 3.00% today (quite yet)…

 

The last 2 times 10Y was at 3%, S&P was at 1340 (and fell considerably after) and 1650.

 

It's been quite a run off the debt-ceiling lows…

 

But the last few (post-Taper) days have been remarkable with among the best runs in 3 years…

 

VIX was slammed back under 12% briefly (to 9-month lows) buy bounced for the rest of the day…

 

As VIX has been slammed 30% lower in the last 6 days – its biggest collapse since the start of the year…

 

Commodities saw gold and silver jump at their open then drift…

 

 

Charts: Bloomberg

Bonus Chart: WTFTWTR…


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/pUluAZWlZo4/story01.htm Tyler Durden

Stanford Study: It’s Ridiculously Easy To Match Metadata to People

Stanford University researchers Jonathon Mayer and Patrick
Mutchler were skeptical when President Obama told
the nation
that the NSA is just collecting metadata and thus
not violating Americans’ privacy — so they investigated how
easy it would be for someone to match metadata, which includes
information about a caller’s location, length, and number calls,
with a caller’s identity. They found it is
“trivially”
simple to do, even for those with limited funds and
software.

Mayer and Mutchler, computer scientists who study technology
policy, decided to run an experiment testing the ease with which
one can connect metadata to names. For the experiment, volunteers
agree to use an Android app, MetaPhone,
that allows the researchers access to their metadata. Mayer and
Mutchler say that it was hardly any trouble figuring out who the
phone numbers belonged to — and they did it in a few
hours.

From their
blog
:

So, just how easy is it to identify a phone number?

Trivial, we found. We randomly sampled 5,000 numbers from
our crowdsourced
MetaPhone dataset
 and queried the Yelp, Google Places, and
Facebook directories. With little marginal effort and just those
three sources—all free and public—we matched 1,356 (27.1%) of the
numbers. Specifically, there were 378 hits (7.6%) on Yelp, 684
(13.7%) on Google Places, and 618 (12.3%) on Facebook.

What about if an organization were willing to put in some
manpower? To conservatively approximate human analysis, we randomly
sampled 100 numbers from our dataset, then ran Google searches on
each. In under an hour, we were able to associate an individual or
a business with 60 of the 100 numbers. When we added in our three
initial sources, we were up to 73.

How about if money were no object? We don’t have the budget or
credentials to access a premium data aggregator, so we ran our 100
numbers with Intelius, a cheap consumer-oriented service. 74
matched. Between Intelius, Google search, and our
three initial sources, we associated a name with 91 of the 100
numbers.

The researchers conclude that, “If a few academic researchers
can get this far this quickly, it’s difficult to believe the NSA
would have any trouble identifying the overwhelming majority of
American phone numbers.”

The study confirms what numerous critics of the NSA have been
saying. A professor speaking on behalf of the ACLU, for instance,

said in an August court hearing
 testifying against the
program:

Although officials have insisted that the orders issued under
the telephony metadata program do not compel the production of
customers’ names, it would be trivial for the government to
correlate many telephone numbers with subscriber names using
publicly available sources. The government also has available to it
a number of legal tools to compel service providers to produce
their customer’s information, including their names.

Some government officials also aren’t buying the story that bulk
collection of
“just metadata”
is harmless. In his
preliminary injunction against the program
 last week,
Judge Richard Leon said:

The Government maintains that the metadata the NSA collects does
not contain personal identifying information associated with each
phone number…[but] there is also nothing stopping the
Government… using public databases or any of its other vast
resources to match phone numbers with subscribers.

from Hit & Run http://reason.com/blog/2013/12/26/stanford-study-its-ridiculously-easy-to
via IFTTT

Stanford Study: It's Ridiculously Easy To Match Metadata to People

Stanford University researchers Jonathon Mayer and Patrick
Mutchler were skeptical when President Obama told
the nation
that the NSA is just collecting metadata and thus
not violating Americans’ privacy — so they investigated how
easy it would be for someone to match metadata, which includes
information about a caller’s location, length, and number calls,
with a caller’s identity. They found it is
“trivially”
simple to do, even for those with limited funds and
software.

Mayer and Mutchler, computer scientists who study technology
policy, decided to run an experiment testing the ease with which
one can connect metadata to names. For the experiment, volunteers
agree to use an Android app, MetaPhone,
that allows the researchers access to their metadata. Mayer and
Mutchler say that it was hardly any trouble figuring out who the
phone numbers belonged to — and they did it in a few
hours.

From their
blog
:

So, just how easy is it to identify a phone number?

Trivial, we found. We randomly sampled 5,000 numbers from
our crowdsourced
MetaPhone dataset
 and queried the Yelp, Google Places, and
Facebook directories. With little marginal effort and just those
three sources—all free and public—we matched 1,356 (27.1%) of the
numbers. Specifically, there were 378 hits (7.6%) on Yelp, 684
(13.7%) on Google Places, and 618 (12.3%) on Facebook.

What about if an organization were willing to put in some
manpower? To conservatively approximate human analysis, we randomly
sampled 100 numbers from our dataset, then ran Google searches on
each. In under an hour, we were able to associate an individual or
a business with 60 of the 100 numbers. When we added in our three
initial sources, we were up to 73.

How about if money were no object? We don’t have the budget or
credentials to access a premium data aggregator, so we ran our 100
numbers with Intelius, a cheap consumer-oriented service. 74
matched. Between Intelius, Google search, and our
three initial sources, we associated a name with 91 of the 100
numbers.

The researchers conclude that, “If a few academic researchers
can get this far this quickly, it’s difficult to believe the NSA
would have any trouble identifying the overwhelming majority of
American phone numbers.”

The study confirms what numerous critics of the NSA have been
saying. A professor speaking on behalf of the ACLU, for instance,

said in an August court hearing
 testifying against the
program:

Although officials have insisted that the orders issued under
the telephony metadata program do not compel the production of
customers’ names, it would be trivial for the government to
correlate many telephone numbers with subscriber names using
publicly available sources. The government also has available to it
a number of legal tools to compel service providers to produce
their customer’s information, including their names.

Some government officials also aren’t buying the story that bulk
collection of
“just metadata”
is harmless. In his
preliminary injunction against the program
 last week,
Judge Richard Leon said:

The Government maintains that the metadata the NSA collects does
not contain personal identifying information associated with each
phone number…[but] there is also nothing stopping the
Government… using public databases or any of its other vast
resources to match phone numbers with subscribers.

from Hit & Run http://reason.com/blog/2013/12/26/stanford-study-its-ridiculously-easy-to
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A Great Christmas Season Rant Against the Unfairness of the State. (Warning! NSFW!)

Clark Bianco at Popehat has a
bracing holiday rant against the state
with the NSFW title
“Burn the Fucking System to the Ground.”

It’s interesting in how it brings white-hot heat against the
practices of the state without coming from an explicitly
libertarian perspective about things like when and where it is
appropriate for the state to act. There’s no big controversial
political philosophical premises or reasoning involved.

It’s just pointing out–in ways that people who think of
themselves as “left” or “right” should be able to
understand–that the state acts in many ways to perform utterly
unconscionable acts that ruin people’s lives for no good
reason–and does so in a way that can seem more based on class
divisions than any “state vs. people’s rights” calculus that has
anything to do with beliefs in the necessity or propriety of
government.

Some excerpts:

The older I get, the more I see, the more I read, the more clear
it becomes to me that the entire game is rigged. The leftists and
the rightists each see half of the fraud. The lefties correctly
note that a poor kid caught with cocaine goes to jail, while a Bush
can write it off as a youthful mistake (they somehow overlook the
fact that their man Barrack hasn’t granted clemency to any one of
the people doing federal time for the same felonies he committed).
The righties note that government subsidized windmills kill
protected eagles with impunity while Joe Sixpack would be deep in
the crap if he even picked up a dead eagle from the side of the
road. The lefties note that no one was prosecuted over the
financial meltdown. The righties note that the Obama administration
rewrote bankruptcy law on the fly to loot value from GM
stockholders and hand it to the unions. The lefties note that
Republicans tweak export rules to give big corporations subsidies.
Every now and then both sides join together to note that, hey! the
government is spying on every one of us…or that, hey! the
government stole a bunch of people’s houses and gave them
to Pfizer,
because a privately owned for-profit corporation is apparently what
the Constitution means by “public use”.

….the system is not reformable. There are multiple classes of
people, but it boils down to the connected, and the not connected.
Just as in pre-Revolutionary France, there is a very strict class
hierarchy….

Jamal the $5 weed slinger, Shaneekwa the hair braider, and
Loudmouth Bob in the 7-11 parking lot are at the bottom of the
hierarchy. They can,literally, be killed with impunity …
as long as the dash cam isn’t running. And, hell, half the time
they can be killed even if the dash
cam is running….

Next up from Shaneekwa and Loudmouth Bob are us regular peons.
We can have our balls squeezed at the airport, our rectums explored
at the roadside, our cars searched because the cops got permission
from a dog (I owe some Reason intern a drink for that one), our
telephones tapped (because terrorism!), our bank accounts
investigated (because FinCEN! and no expectation of privacy!). We
don’t own the house we live in, not if someone of a higher social
class wants it….And if there’s a “national security emergency”
(defined as two idiots with a pressure cooker), then the
constitution is suspended, martial law is declared, and people are
hauled out of their homes.

Next up from the regular peons are the unionized,
disciplined-voting-blocks. Not-much-brighter-than-a-box-of-crayolas
teachers who work 180 days a year and get automatic raises.
Firefighters who disproportionately retire on disability the very
day they sub in for their bosses and get a paper cut.

A step up from the teachers and firefighters are the cops: all
the same advantages of nobility of the previous group, but a few
more in addition: the de facto power to murder someone as long as
not too many cameras are rolling….

Above the cops, the prosecutors, and the judiciary we have the
true ruling class: the cabal of (most) politicians and (some) CEOs,
conspiring both against their own competitors and the public at
large. If the public is burdened with a $100 million debt to pay
off a money losing stadium, that’s a small price to pay if a
politician gets reelected (and gets to hobnob with entertainers and
sports heroes via free tickets and backstage passes)….

It is corrupt, corrupt, corrupt….

The system is not fixable because it is not broken. It
is working, 24 hours a day, 365 days a year,
to give the insiders their royal prerogatives….

Burn it to the ground.

Burn it to the ground.

Again, a kind of anger that theoretically could fuel a genuinely
“populist libertarianism” without explicitly libertarian roots.
Interesting to think about.

[Hat tip: the Twitter feed of magazine editor and TV talk show
host
Matt Welch]

from Hit & Run http://reason.com/blog/2013/12/26/a-great-christmas-season-rant-against-th
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