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I would consider all passive investing rent seeking. Or at the very least a kind of rent. Just a quote from an article that sort of illustrates the attitude I
by atom_arranger 8y ago
I would consider all passive investing rent seeking. Or at the very least a kind of rent.
Just a quote from an article that sort of illustrates the attitude I have towards it:
> One disturbing implication of Thomas Piketty’s new book, Capital, is that the American economy is slipping into a form of “rentier” capitalism, in which passive income from wealth, increasingly in the form of inherited fortunes, is supplanting dynamism, hard work and innovation. - https://qz.com/196575/to-get-rich-forget-entrepreneurship-and-marry-wealthy/ https://qz.com/196575/to-get-rich-forget-entrepreneurship-an...
Apparently I'm not the only person with this attitude, although this poster was down-voted: https://news.ycombinator.com/item?id=13151809 https://news.ycombinator.com/item?id=13151809
There's also some links there. I do use passive investing, but I do consider it a kind of rent and I think society might be better off with less of it.