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Everyone replying in this manner is missing that I am discussing whether or not they are rent seeking. No one is questioning whether they are or should be makin
by TaylorAlexander 5y ago
Everyone replying in this manner is missing that I am discussing whether or not they are rent seeking. No one is questioning whether they are or should be making a profit. The person I replied to said they are not rent seeking, they are just seeking profit to fund operations. I claim they are rent seeking, which is according to wikipedia:
"the effort to increase one's share of existing wealth without creating new wealth."
No one is questioning that they are or should be making a profit, only the purpose and result of their profit seeking.