That the subsidy existed in the first place was an appalling piece of political log rolling and rent seeking.
Unless, of course, you look at it as a form of rent seeking.
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Governments offer incentives, regulate, subsidize or impose quotas not according to constitutional precedent or free market principles, but progressive cloud dancing and political rent seeking.
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Many of them had become part of the military-financial-industrial complex making large multiples more income by rent seeking in the private sector or sucking off the public teat in a comfy government job.
In fact, they discover that unlike an individual addicted to the hardest substances, a society addicted to government, especially a majoritarian democracy where rent seeking is rampant, cannot realistically be expected to undergo cold-turkey withdrawal and remain abstinent.
Or was it the result of either special government favor (what economists call rent seeking) or rampant cronyism in corporate boardrooms.? This is the real issue rather than populist appeals to have the top 2 percent of taxpayers pay more than their present amount in taxes.
Rent-seeking is the process by which businesses seek profits by making investments in the political process.
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Government attempts to steer the diffusion of capital are undermined by lobbying and rent-seeking.
What politicians funnel into vote buying schemes dwarfs what lobbyists and PACs exhaust rent-seeking.
After that, we practice tax management and look for ways to reduce government-legislated rent-seeking.
During a strong economy there are fewer incentives for rent-seeking because production is highly rewarded.
The rent-seeking of pirates motivates merchants to spend their resources to prevent the theft.
We should require rent-seeking analysis of each major regulation alongside the still rarely done cost-benefit analyses.
This makes rent-seeking relatively more attractive, which in turn further burdens those who try to remain productive.
When the economy is poor, the burden of fixed rent-seeking costs on producers drives surpluses even lower.
All of this expense could be avoided if incentives to be a rent-seeking pirate were somehow eliminated.
But instead many conservatives join progressives in defending the interests of rent-seeking legacy firms, unwittingly and otherwise.
This rent-seeking psychology is transmitted right down the bureaucratic chain, with each man taking a slice for himself.
The actual application of such a tax will involve lots of rent-seeking, privileges, exemptions, inefficiencies, and regulatory arbitrage.
But the OECD does not aim to deal with the ingrained traditions of favour-swapping and rent-seeking inside Russia.
While the Indonesian economy was growing fast, it was possible to make light of the Suhartos' rent-seeking ways.
The mandate for Somalia's UN-backed transitional federal government expires in August after eight years of squabbling and rent-seeking.
Rent-seeking can include piracy, lobbying the government or even just giving away money.
The lobbying of such groups against a waiver of the RFS is the most egregious, cynical sort of rent-seeking.
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Regulators should be hostile to rent-seeking by the established, and hospitable to the companies whose names we do not know.
Government donations to nonprofits encourage those charities to engage in public rent-seeking rather than listening to private donor feedback.
The rent-seeking would ease and the danger of untrustworthy leaders would diminish.
Much rent-seeking is redistributing the surplus of one group of the middle class to another group of the middle class via the government.
In cases like tax planning, not to participate in rent-seeking when doing so would clearly benefit you is just a needless personal sacrifice.
But Mr Medvedev is unlikely to stop the hostage-taking, corporate raids by state agencies, rent-seeking and corruption that have become part of a system.
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