Are the unproductive, rent-extracting rich. The tax benefits they get drain the economy millions times more than people on social welfare. They are the real takers. Here's what this article means by rent:
"The term 'rent; in this context refers to more than payments to your landlords. As Mike Konczal and many others have argued, profits should be distinguished from rents. 'Profits'
from the sale of goods or services in a free market are different from 'rents' extracted from the public by monopolists in various kinds.
Unlike profits, rents tend to be based on recurrent fees rather than
sales to ever-changing consumers. While productive capitalists — 'industrialists,' to use the old-fashioned term — need to be active and
entrepreneurial in order to keep ahead of the competition, 'rentiers'
(the term for people whose income comes from rents, rather than profits)
can enjoy a perpetual stream of income even if they are completely
passive."
Then the pitch:
"To counter the domination of America’s rentier oligarchs, we need an
Anti-Rentier campaign that would unite unlikely groups: owners of
productive businesses as well as workers, populist conservatives and
liberal reformers. An Anti-Rentier movement would distinguish businesses
that make profits by providing worthwhile goods or services in
innovative ways from rentier interests that passively extract exorbitant
tolls and fees from the economy without adding any value.
"An Anti-Rentier movement would oppose unproductive, ill-begotten
wealth, not the rich in general. Wealthy individuals who get richer by
investing in start-up companies or funding long-lived, creative
blue-chip firms provide a valuable benefit to society, even as they risk
losing their own money. Such risk-taking investors are the opposites of
financial sector rentiers who seek to bribe policymakers into letting
them privatize their gains while socializing their losses."
See the article for much more.
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