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Keynes did actually say the rentier class should be liquidated. The landlord is the ideal rentier. A grocer is not necessarily a rentier, they add value by prov
by mark_edward 9y ago
Keynes did actually say the rentier class should be liquidated. The landlord is the ideal rentier. A grocer is not necessarily a rentier, they add value by providing a service. Rental income is purely a privilege of ownership, received due to a granted title, similar to patent and copyright.
- branchless 9y agoIt's okay he's writing on hacker news, where economics goes to die.
- cgmg 9y agoI'll repeat what I said: Keynes never said we should tax people who rent their homes 'out of existence'. To imply otherwise is disingenuous. I find it bizarre that you think renting out your home doesn't count as a 'service'. It certainly is a service by any reasonable definition of the word (including the one economists use).