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> A company exists because one or more people risked wealth in order to create a net positive system What about companies that exist solely as rent seekers? Tu
by jmcgough 6y ago
> A company exists because one or more people risked wealth in order to create a net positive system
What about companies that exist solely as rent seekers? TurboTax is a net negative on society - congress has tried repeatedly to simply mail people a bill or refund, instead of the silly song and dance we go through now, but Intuit has lobbied aggressively to prevent this.
- jlawson 6y agoOnly possible thanks to government policy wielded through regulatory capture. Not a free market outcome.
- ccffpphh 6y agoUnder the current government system, they clearly provide value - otherwise they wouldn't exist. Whether the government is complicit in their existence is another matter entirely - but they're not just making money appear out of thin air. They clearly provide value in streamlining the spaghetti nest of the tax code for average consumers. The issue is with government enabling the monopoly.