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1/ Lot of folks will see this story and respond with some version of “meritocracy is a scam” Eh. Meritocracy is a game. And like all games, some are better equipped to play than others. And generally, the more complicated the game the bigger the advantagehttps://www.wsj.com/articles/college-financial-aid-loophole-wealthy-parents-transfer-guardianship-of-their-teens-to-get-aid-11564450828 …
2/ The complexity of the game and the size of the compliance burden are things that we ought to keep in mind when designing rules. But we can’t help ourselves. Or more specifically, our technocrats can’t help themselves but to design ever more “clever” solutions
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