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To: elmatador who wrote (53473)8/12/2009 6:44:25 AM
From: TobagoJack2 Recommendations  Respond to of 218012
 
govts stealing from constituents, then bribe electorates, and then forcing electorates to buy cars from govt-owned car companies can be made more efficient by the govt simply handing out printed money with which folks can buy from whomever :0)



To: elmatador who wrote (53473)8/12/2009 8:57:02 AM
From: Metacomet  Respond to of 218012
 
"Rent-seeking means effectively a tax extracted by one sector from the rest of the economy."

Great to see this term being discussed.

Another feature of rent-seeking is that the "seekers" add nothing to the economy or society. They only take.

Excellent example is the health insurance "industry" in the US.

en.wikipedia.org


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