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So, people who provide money for loans, knowledge to increase our quality of life and other things, and provide a roof over other people's heads, are the biggest freeloaders?
Unfortunately, nowadays for every one of those you have 2 or 3 who use Central Bank depressed interest rates/QE to buy back there own stock and hope the pop doesn't end until they can eject with their golden parachute and nine figure bonus... Or outsource production of the product, cut costs, use inferior materials, then eject with their golden parachute and nine-figure bonus before the (formerly) loyal customer realizes they are buying an inferior product for the same or higher price.
I rent a room in an overcrowded (11 ppl in small 3BR) house from someone who doesn't own the house. He rents it from an absentee landlord, lets his adult daughter, her boyfriend, and their infant live in the house for free, lives for free himself, and charges the rest of us enough rent to cover his costs. You don't even have to own anything to be a rentier.
Ah, but he does own something. The right to sublet to you.
It is not their money, they just extract value from the public asset called "money" and "financial system" frequently without slightest regard to wellbeing of the asset they parasitize on. Same with corporations privatizing public research. Define quality of life? At this point rent extraction pretty much undo whatever "advances" you could claim exist out there leaving widespread anxiety in the air and Prozac in drinking water.
If Bob takes $600,000 of his money, builds a four-plex, and rents out the four units, are you saying it wasn't his money that he used, but rather the money used by him belongs to the public?
If Bob takes $600,000 of his money, builds a four-plex, and rents out the four units, are you saying it wasn't his money that he used, but rather the money used by him belongs to the public?
Is Bob a banker? Can he make his $600k in the same way bankers can make $600k worth of loans?
Is Bob a banker? Can he make his $600k in the same way bankers can make $600k worth of loans?
Not sure what your point is, as someone making money vs. a banker making a loan are not even remotely similar. How Bob made his money is irrelevant. When he spent it on the four-plex, was it really public money and not his money that he used?
We don't know this for a fact, because the absentee landlord is not available for comment, and I have seen no document giving him the right you claim.
No documentation of the right is necessary. Does his lease agreement preclude him form subletting? It doesn't really matter as he IS subletting to you, and he doesn't own the property. Whether he actually "owns" that right or not, he will continue to sublet until he is no longer able or willing to.
No documentation of the right is necessary. Does his lease agreement preclude him form subletting? It doesn't really matter as he IS subletting to you, and he doesn't own the property. Whether he actually "owns" that right or not, he will continue to sublet until he is no longer able or willing to.
So if someone - say a neighbor - reported the overcrowding to the right parties, what right would he have then?
... The assets are worthless by themselves unless there are suckers willing to work for them. ...
Ultimately, what's the pecuniary worth of anything - be it gold, land, food, clean water, firewood, computer-chips, education, medicine, sexual favors? The "worth" is whatever other people are willing to pay for it, which presumably follows some laws of scarcity and perception. My land, in rural Ohio, isn't worth much at all. It would be worth inordinately more if that land were in Manhattan, even though I could in principle grow more food on my land in Ohio, than I could in Manhattan.
Arguably, the whole point of investment, is to buy (or otherwise control) assets whose price will rise faster than the price of other things (or of labor). This is at most tangentially related to being productive, to helping one's fellow man, to being neighborly or innovative or even just being a decent human being. But this can't be helped. Attempts at alternative systems are abject failures.
Nevertheless, there is something odious about being a middleman who adds no value. By this I mean a person who insinuates himself in a transaction, doing nothing to bring together buyers and sellers, or say delivering goods from a central point to the end-user, or offering advice on what to buy.
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