Tuesday, October 16, 2007

Government Efficiency

In the UK, the Assets Recovery Agency was created in 2003. This government agency was given the power to seize wealth from people, even though they hadn't been convicted of any crime. Billed as a way to strike at organized crime, by confiscating assets, a new report by a committee of the House of Commons may be its epitaph. Over four years, the agency spent £65 million to seize £23 million. Thankfully, the agency is due to be shut down, next year, but it seems that the terrocrats still haven't learned their lesson. The duties will be taken over by the Serious Organised Crime Agency. Oh please, get serious! No matter how much they reshuffle the players, government is inherently inefficient.

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