CASH FOR CLUNKERS
In less than a week, it looks like the "cash for clunkers" program has run out of money. It is ending just as most people are just becoming aware of the program.
"There is another effect of having laws that are not stable. It gives the few perceptive, enterprising, and wealthy citizens an advantage over the industrious and uninformed mass of people.
"Every new regulation about commerce or revenue or that affects property value is a new opportunity to those people who watch the change and can predict its consequences. They don’t create this opportunity. It is created by the toils and cares of the great body of their fellow citizens. When this happens, it may truthfully be said that laws are made for the few, not for the many."
Federalist Paper # 62 [pararaph 16]. The Federalist Papers: Modern English Edition Two, 2008.
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Federalist Paper #62 [16], original text
Another effect of public instability is the unreasonable advantage it gives to the sagacious, the enterprising, and the moneyed few over the industrious and uniformed mass of the people. Every new regulation concerning commerce or revenue, or in any way affecting the value of the different species of property, presents a new harvest to those who watch the change, and can trace its consequences; a harvest, reared not by themselves, but by the toils and cares of the great body of their fellow-citizens. This is a state of things in which it may be said with some truth that laws are made for the FEW, not for the MANY.
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