How the Rentier Class Cannibalizes the Economy

typical of idiots to go and rant without understanding what the issue is about. the article isn't a criticism of capitalism but rather a criticism of rent-seeking. there's good capitalism and then there's bad capitalism.

rent seeking is of the worst kind. it perverts the true intention of capitalism which is to create wealth and instead just moves wealth around. for those of you who hate the dirty word "socialism," well, rent-seeking is wealth redistribution -- to the upper .1%

true wealth creation is that which creates something tangible of value. moving money around and rent-seeking creates nothing of value. understand your economics please.

[QUOTE=I<3NBA]we should go back to rewarding people that produce real value in the economy.[/QUOTE]

Who are these people today ?

[QUOTE=I<3NBA]typical of idiots to go and rant without understanding what the issue is about. the article isn't a criticism of capitalism but rather a criticism of rent-seeking. there's good capitalism and then there's bad capitalism.

rent seeking is of the worst kind. it perverts the true intention of capitalism which is to create wealth and instead just moves wealth around. for those of you who hate the dirty word "socialism," well, rent-seeking is wealth redistribution -- to the upper .1%

true wealth creation is that which creates something tangible of value. moving money around and rent-seeking creates nothing of value. understand your economics please.[/QUOTE]

If you read more of the OP's posts on here, you'd see his problem doesn't lie in whether or not wealth is created or not; simply that he isn't part of the money being moved around to him.

[QUOTE=I<3NBA]typical of idiots to go and rant without understanding what the issue is about. the article isn't a criticism of capitalism but rather a criticism of rent-seeking. there's good capitalism and then there's bad capitalism.

rent seeking is of the worst kind. it perverts the true intention of capitalism which is to create wealth and instead just moves wealth around. for those of you who hate the dirty word "socialism," well, rent-seeking is wealth redistribution -- to the upper .1%

true wealth creation is that which creates something tangible of value. moving money around and rent-seeking creates nothing of value. understand your economics please.[/QUOTE]


Holy christ that is dumb.

Moving money around creates nothing of value? You know how many small businesss and even large ones start from loans? People dont have enough money to enterprise their good idea on their own so they borrow. The peole who lend need a reason to take the risk of lending money so they collect interest. This is like the most basic fundamental economic principle. I mean seriously, how retarded and salty must one be not to get this???

We also have a democracy. The people can impose their collective will by informing themselves and voting. You can vote property taxes up or down. Hardly anybody in America does that. Successful people take advantage of Americas opportunity and the rest just complain and never do anything. Your beef is with the inherent inequality resulting from a free system. You dont have the guts to call out the little guy so you wrongly take aim at the big guy. Thats simply testice-less f@ggotry.

Go away dammm pinko commie

[QUOTE=plowking]If you read more of the OP's posts on here, you'd see his problem doesn't lie in whether or not wealth is created or not; simply that he isn't part of the money being moved around to him.[/QUOTE]

Stop making up rubbish.

If I had to stick a label on my position, this comes closest to it:

[url]http://en.wikipedia.org/wiki/Geolibertarianism[/url]

[QUOTE=MadeFromDust]Go away dammm pinko commie[/QUOTE]

You just called Thomas Paine and Winston Churchill pinko commies. Congratulations, dumbass.

[QUOTE=K

[QUOTE=MavsSuperFan]You know you could just get a better job if you didnt waste all of your time thinking of excuses about how the man holds you down.[/QUOTE]

It's not about me, I love my job. It's about people's rights being violated for the unearned profit unproductive, legal entitlement owning, government handouts demanding, parasites. The super wealthy at whose altars you pray just happen to be the biggest parasites.

I used to complain about welfare recipients and so on until I realized that it's the rich who get by far the most government handouts. And it's not even close.

bla bla bla bla go cry a river. Yur never gonna change shiite. Stop breathing our air, drinking our water, and eating out food ewe slimy parasite.

[QUOTE=plowking]Start investing your money a little better. How about that?

You act as if these investments are risk free and its all gravy.[/QUOTE]

Actually, land prices appreciate nicely along with the economy most of the time.

Either way, just because one takes a risk does not mean one deserves anything or contributes anything to the economy.

[QUOTE=MavsSuperFan]In america its largely off taxes, at the Federal level income tax and at the state level property tax.

Because of progressive taxation (which I support) mostly rich people.[/QUOTE]

There are a plethora of taxes other than the income tax. Most taxes are paid by the middle class. Progressive income taxes also fall mostly on the middle class and high income working people, not the wealthy (although there is some correlation, a lot of productive people are harmed in the process while a lot of unproductive legal entitlement owning wealthy people pay very little.). I propose to get rid of the income tax.

The property tax is the best tax there currently is because it recovers a small portion of the publicly created subsidy landowners get for doing nothing, and the wealthy own by far the most land (which is how a lot of them got undeservedly rich in the first place).

The only problem with the property tax is that it also partially falls on improvements so it creates an equilibrium where less improvements are offered but at higher prices, so that's a burden on the economy.

[QUOTE=MadeFromDust]No EWE are the pinko commie scum, diipshiite. Go spew your buulshat over in China where they give a dammm about that cr@p[/QUOTE]

This moron claims that the author of 'Common Sense', Thomas Paine, who is by many considered the father American Revolution, and whose views were very similar to mine, was pinko commie scum.

GTFO you anti American piece of shit.

[B]Thomas Paine:[/B] "There could be no such thing as landed property originally. Man did not make the earth, and, though he had a natural right to occupy it, he had no right to locate as his property in perpetuity any part of it; neither did the Creator of the earth open a land-office, from whence the first title-deeds should issue."

Ethered.

[QUOTE=K

[QUOTE=HarryCallahan]tbh, Churchill was a commie...[/QUOTE]

:lol How did you arrive at that?