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Rent-seeking behavior is not the same as renting out property, it's a specific term in economics
by cycrutchfield 3y ago
Rent-seeking behavior is not the same as renting out property, it's a specific term in economics
- skyyler 3y agoAdam Smith saw most landlording as rent-seeking. He saw landlords as cruel parasites. So do I. “As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed and demand a rent even for its natural produce.”
- cycrutchfield 3y agoThe solution to that is not to abolish landlords, it’s to tax land ownership.