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Hmm. Maybe I'm missing something. I don't understand how more efficient rent-collection (and literal rent-collection at that) is productive. I mean, isn't it de
by AbrahamParangi 8y ago
Hmm. Maybe I'm missing something. I don't understand how more efficient rent-collection (and literal rent-collection at that) is productive. I mean, isn't it definitionally not "productive"?
I mean you can make the argument that by being more efficient at rent collection over some time horizon you funnel more money to yourself and other local industries but isn't this basically just a cost to everyone else at every other scale of time and space?
- noobermin 8y agoWhenever this argument is made, there seems to be this conflation of "economically good" and "x made me money." Just because you make money (or make more money) doing something doesn't mean it's a net good for society.
- crazygringo 8y agoOf course, but that's a much deeper issue. Today, we generally accept that in a free market without externalities, private profit = public good. If you disagree, you can take that up with Adam Smith and the invisible hand. ;)
- kgwgk 8y ago“the people/businesses who can afford $10K/month are by definition more economically productive” The idea is that letting the space empty now makes it available for “more productive” activities later.