Bribery Is the Best Investment!

Moneybox
A blog about business and economics.
May 17 2013 2:51 PM

The Real Scandal Is the Low Price of Bribes

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Postal Service worker Bill Moody loads packages onto a truck in downtown Boston.

Photo by Darren McCollester/Newsmakers

"A former U.S. Postal Service official has been sentenced to 18 months in prison for accepting at least $40,000 in bribes to help a Maryland company receive $6 million in contracts," according to the AP.

Unacceptable conduct, obviously, but in many ways the real scandal here seems to be the low price of the bribe. A talent agent takes 10 percent, even 15 percent of his services are consolidated with those of a contract lawyer. But this guy doesn't have a 10 percent broker's fee, he's got a measley 0.667 percent commission.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

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