I think it's okay if the opportunity is there. If people choose not to exercise the saving it may be they know the pitfalls better than outsiders. Rent seeking

I think it's okay if the opportunity is there. If people choose not to exercise the saving it may be they know the pitfalls better than outsiders. Rent seeking is where an individual/business is exercising some kind of monopoly, often granted by the state, to basically compel people to pay him an income at no further effort to himself. Usually they are exploiting some kind of situation where someone needs something and they are erecting a barrier. They are appropriating wealth rather than creating it. Examples of this would be people buying up land near a new development to profit from it, given land is scarce and more cannot be made (though zoning can in theory be changed). Or grabbing a patent to stop someone developing a rival product as they know the barrier to entry is not high without using the state legal apparatus. Or buying up apartment in the middle of an urban centre in the expectation of being able to capture wages due to an extreme shortage of accommodation. Or abusing your position as an issuer of fiat money to capture labour. Or some big land owner in the UK or USA whose grandfather grabbed land and now they descendants are sitting on this and demanding rent for use. If someone builds an app and people can replicate it but choose not to then it's not stopping people doing that, also they can choose to simply not use the app. I haven't read the article yet btw I don't have time just yet, just responding to this comment. Compare this to the epi-pen thing where they are gouging because people are desperate and they hold a patent. The patent being enforced by the state. http://ounodesign.com/wp-content/uploads/2013/02/henry-george-fay-lewis.png http://ounodesign.com/wp-content/uploads/2013/02/henry-georg... http://www.goodreads.com/book/show/552175.Progress_and_Poverty http://www.goodreads.com/book/show/552175.Progress_and_Pover...