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It's quite the essay, defending a man who purchased a house for a low price and made a piece of art decades ago, and continues to extract value from both withou
by zorpner 6y ago
It's quite the essay, defending a man who purchased a house for a low price and made a piece of art decades ago, and continues to extract value from both without making any additional meaningful contributions as regards either. It's almost... like he's seeking... rent. I wonder if there's an economic term for this behavior or any theory about whether or not it should be rewarded.
- mietek 6y agoPeppered with Amazon referral links, too.
- leephillips 6y agoHow is he extracting value from the house by living in it? As the market value goes up, it costs him more, as his property taxes will go up. As to the photograph, well, he owns the copyright. Period. You may not think we should have copyright, but that’s another conversation.
- sooheon 6y ago> As the market value goes up, it costs him more, as his property taxes will go up. This is a hilarious way to look at it. Please, will the rich of the world burden me with their wealth so that I may pay the tax for them?
- gfody 6y ago> As to the photograph, well, he owns the copyright. Period. he owns the copyright to a piece of pixel art created as a tribute to his famous album cover photo?
- leephillips 6y agoNoooo....the photographer owns the copyright to his original photograph.
- roel_v 6y agoThat's not what rent seeking is, though. If only we'd have bots on here, I could post this comment automatically, as I haven't seen anyone use the term correctly in the say 2/3 years since it became hip to mention it every time someone makes money in a way someone else has an ideological problem with.
- reverend_gonzo 6y agoWho exactly is he seeking rent from when he is the one living in the house? Not contributing anything? It says right there in the article that he is cleaning the graffiti and rehabbing the house.