INTERMEDIATE

Rent-Seeking

FEBRUARY 21, 2013

Businesses and other groups sometimes attempt to secure special privileges by lobbying government officials and politicians. These groups might lobby for policies that benefit them directly like subsidies or restrict competition within their industry by the enactment of tariffs on imports, regulations, and licensing requirements.

 

Sheldon Richman - The Most Dangerous Derivative: Power and Privilege in the Corporate State

 

 

Mike Munger - Giving Away Money Costs More Than You Think  by Learn Liberty

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The United States' corporate tax burden is the highest in the world, but innovators will always find a way to duck away from Uncle Sam's reach. Doug Bandow explains how those with the means are renouncing their citizenship in increasing numbers, while J. Dayne Girard describes the innovative use of freeports to shield wealth from the myriad taxes and duties imposed on it as it moves around the world. Of course the politicians brand all of these people unpatriotic, hoping you won't think too hard about the difference between the usual crony-capitalist suspects and the global creative elite that have done so much to improve our lives. In a special tech section, Joseph Diedrich, Thomas Bogle, and Matthew McCaffrey look at various ways these innovators add value to our lives--even in ways they probably never expected.
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