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But "investing" is just rent-seeking from other people doing actual work. Literally it's taking a portion of the profits of someone else's labour in exchange fo
by mikepurvis 7y ago
But "investing" is just rent-seeking from other people doing actual work. Literally it's taking a portion of the profits of someone else's labour in exchange for access to your capital.
- AnthonyMouse 7y agoIt's only rent seeking if the capital isn't worth anything or was illicitly obtained. If you drive a truck for ten years to save up enough to buy your own truck, and then drive it eight hours a day while you pay two other people to drive it the other sixteen hours a day, you're making more money than them for the same work. But it's only because you saved instead of spent for ten years, and the only reason they have a job driving a truck is that you have a truck. They have neither a truck nor the money to buy one, so without you they're standing on a street corner with no job.
- AmericanChopper 7y agoI’ve gotten the impression that many HN commenters seem to think having a job is a form of slavery.