How U.S. government incentives create rent-seeking.
In economics, rent-seeking is extracting wealth without adding value. Trishul provides data and examples of how rent-seeking has made lives harder. Home prices, healthcare, and education have all increased more than incomes, and rent-seeking is partially to blame. They look at how the U.S. government has incentivized individuals at the expense of society as a whole.
Episode References
MMS #26. Practical advice on navigating a dysfunctional healthcare system.
MMS #85: Real Estate
MMS #28: Education
Rent-seeking
Reuters: Record Home Prices
Population Demographics
MLS Lawsuit
Japan Housing Prices
Price Elasticity
Cartel
South Korea Population Decline
Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.
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