The Rise of Rent-Seeking Behaviors in the United States

In a healthy society, the necessity to restrain elite selfishness is met by institutional means and creates a proper balance. The biggest form of rent seeking recently has been with education. We need to signal to elites that that kind of selfish behavior is not going to be admired. And we need to do even more if elites get to the point of saying, well, I'm going to hide my money and offshore LLCs.