THE REAL “TAKERS” IN AMERICA ARE NOT POOR PEOPLE DEPENDENT ON WELFARE, BUT THE UNPRODUCTIVE, RENT-EXTRACTING RICH....
Michael Lind, March 21, 2013
As Mike Konczal and many others have argued, profits should be distinguished from rents. “Profits” from the sale of goods or services in a free market are different from “rents” extracted from the public by monopolists in various kinds. Unlike profits, rents tend to be based on recurrent fees rather than sales to ever-changing consumers. While productive capitalists — “industrialists,” to use the old-fashioned term — need to be active and entrepreneurial in order to keep ahead of the competition, “rentiers” (the term for people whose income comes from rents, rather than profits) can enjoy a perpetual stream of income even if they are completely passive....
All of this suggests that, if we want a technology-driven, highly productive economy, we should encourage profit-making productive enterprises while cracking down on rent-extracting monopolies, whether they are natural products of geography and geology (real estate and energy and energy and mineral deposits) or artificial (chartered banks, professional licensing associations, labor unions, patents and copyrights). This is a valid distinction between “makers” and “takers.”
Unfortunately, with the exception of some leftist and liberal economic thinkers who distinguish “rentier capitalism” or “financial capitalism” from “industrial capitalism,” conventional political discourse doesn’t distinguish among profit-earning “makers” and rent-extracting “takers.”
Rents come in as many kinds as there are rentier interests.
elk , I am one of those UNPRODUCTIVE , RENT EXTRACTING RICH and after working my bud off all my life and paying taxes galore and helping left and right and cleaning up after my tenants often on my knees I find this article rather offensive.
Do you know how many landlords, never ever want to be landlords again after the experience they made.
Do you know how the "PRODUCTIVE ONES" are after my money, knocking on my doors, or plundering away
the money I provide for their PRODUCTION. Do you know how much produced #$%$ I buy, just to throw it away after I get sick about the poor quality.
Most proprietors are responsible people who work very hard and collect little money. The court system makes it even more difficult for "Landlords" to collect money or evict troublesome tenants. If you want to get mad at someone, direct it toward the banks who foreclosed on jobless and disabled people and then got bailed out by the government.
Your view of the word is very narrow Elk why don't you buy an apartment in New York state and rent it to some section 8 welfare recipients maybe you could enjoy plunging their toilet at three o'clock in the morning because they dumped their cat box down it or tried to flush a diaper (and that is a minor problem compared to some that occur ) and after they live there for nine months and move out to a new section 8 apartment you have to have it fumigated, remove the garbage and repair the damage. And meanwhile you are still paying a mortgage on it sounds like paradise doesn't it. Are you a socialist, socialism breeds laziness and mediocrity .
elk, recommend a DVD to you titled "CULTURAL MARXISM". It explores the love affair with collective ideologies that has led to ever bigger government and the welfare-warfare state. It could (maybe) open your mind to the situation this country faces today. You can find it on Amazon or WND.