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I would love it if the person who downvoted this anonymously would chime in as to why. Because this is exactly what a landlord is.
by hiou 11y ago
I would love it if the person who downvoted this anonymously would chime in as to why. Because this is exactly what a landlord is.
- crimsonalucard 11y agoI can see why. This argument goes beyond simply just landlords and rent into a critique about the dark sides of capitalism itself. In capitalism you can not only own land as an landlord but you can also own labor. Someone who owns the corporation, can sit on the profits, dividends, and growth without producing actual GDP himself. It's very similar to the landlord situation. The owner of the corporation essentially sucks the lifeblood of the work output generated by employees while doing no work himself. Y-Combinator at its very core is a product of this system, hence the possible downvotes. Capitalism is great, but landlords and freeloaders who get richer and richer without producing any GDP themselves is a huge negative attribute that is intrinsic to capitalism. Ironically, it is the hopeful opportunity of becoming a freeloader that drives the risk-taking entrepreneurial qualities which in turn make capitalism so effective.
- hiou 11y agoI would say that investing looking for growth and creation(Y-Combinator), is much different than buying an unchanging asset, doing nothing to it and simply collecting a non-trivial portion of the renter's value created. It's the difference between creating new value and simply gaining control of a static asset to extract rent. EDIT: I should add I appreciate that you took the time to shed some light on what the downvote may have been about.