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Are all rent seeking bad by essence ? For art, I see it more as a way for the artist to focus on his art, and allowing to sell (even cheap) his art, and still
by llsf 3y ago
Are all rent seeking bad by essence ?
For art, I see it more as a way for the artist to focus on his art, and allowing to sell (even cheap) his art, and still be rewarded (e.g. 5%) each time his art changes hand if it does hold value.
It does not have to be in perpetuity as explained in the article, it can stop after the death of the artist or 50 years (to prevent incentive to kill artists).
You do not have to stop at paintings. Some NFTs implement royalties too. It would be more difficult though to implement on fungible items (cars, etc.) but some chairs are unique piece of arts and could probably benefit from the Droit de Suite.
- CharlesW 3y ago> Are all rent seeking bad by essence ? In the actual sense of the word, it's arguable that it is. However, this specific example is not rent-seeking behavior because the artist created the thing and its associated value. People in this community tend to misuse "rent-seeking" to mean anything they don't believe its creator should be making money from. An example of this is, "Apple's cut of app sales is rent-seeking."