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"You can't transfer a wealthy persons ability to generate wealth to another person or country." When wealth generation is coming from rent collection on existi

• ryandrake 9y ago
  In other words, wealth is the means of production.
  • collyw 9y ago
    Nothing is being produced when rent seeking.
    • milcron 9y ago
      That's a good point, which potentially leads to Georgism: https://en.wikipedia.org/wiki/Georgism https://en.wikipedia.org/wiki/Georgism > Georgism, also called geoism and single tax, is an economic philosophy holding that, while people should own the value they produce themselves, economic value derived from land (including natural resources and natural opportunities) should belong equally to all members of society. > Any natural resource which is inherently limited in supply can generate economic rent, but the classical and most significant example of 'land monopoly' involves the extraction of common ground rent from valuable urban locations. Georgists argue that taxing economic rent is efficient, fair, and equitable. The main Georgist policy recommendation is a tax assessed on land value. Georgists argue that revenues from a land value tax (LVT) can be used to reduce or eliminate existing taxes (for example, on income, trade, or purchases) that are unfair and inefficient. Some Georgists also advocate for the return of surplus public revenue back to the people by means of a basic income or citizen's dividend.
      • collyw 9y ago
        That actually matches my current political views fairly accurately. I didn't know the name for it (or that there was a name for it).