WORKING OFF THE BOOKS as a form of Going Galt?

UPDATE: From the comments:

Moral hazard spreads like wildfire. You see people like Charlie Rangel gaming the system, you read comments from people who don’t report their tips, you hear about welfare mothers who don’t need welfare. Pretty soon, you realize you are the “sucker” for doing things the way you are supposed to.

Rangel, Geithner, Daschle, — the list is endless. As I’ve said before, this administration not only misunderstands the role of financial capital, but it also misunderstands the importance of moral capital. The risk is of a coming middle-class anarchy. More thoughts on that subject here.