4 ms·
It's not the same. If I save money it is no burden to anyone else. If I invest it, then the people receiving my investment do so voluntarily and we all make mon
by wakawaka28 2y ago
It's not the same. If I save money it is no burden to anyone else. If I invest it, then the people receiving my investment do so voluntarily and we all make money or lose it. I have no power to exact a burden on anyone else through these simple mechanisms. The state on the other hand has virtually unlimited power to tax us into oblivion.
>such as young people having to pay extortionate rents to retired landlords.
There is a pathological case here when it comes to rent, but we are far from that. Rent is only extortion when there is widespread collusion to fix the prices. Otherwise it is supply and demand. If inflation and high demand have made prices unaffordable, it's not your landlord's fault. Landlords also provide a service (strange as that may sound), and aren't stealing from anyone.
If you had a profitable business, you could compete with the property sector for investment. Unfortunately we have outsourced many profitable things in the West, because we're competing with slave labor.