3 ms·
It's still a form of rent seeking. They charge 2% because nobody else has the capability to create an alternative. It's preferable for a government to reduce re
by lozenge 11mo ago
It's still a form of rent seeking. They charge 2% because nobody else has the capability to create an alternative. It's preferable for a government to reduce rent seeking as it makes the economy more productive, eg by limiting the fee.