Re:An Analysis of Motivations for Income Redistribution [pdf]
by ArkyBeagle on Friday September 09, 2016 @08:18PM
(#12466986)
Yes - those acts in themselves are indeed acts. But!
One can then own land without actually doing anything with it - you can let it out at rates for others to use. You can't just let a car factory sit. And if you just own the building and land, and do nothing else, then yes- you're just charging rents. But generally owners have to work to own a factory, if at nothing else than making operation policy decisions.
Perhaps a trip thru "Poverty and Progress" is in order? George is better at this than I am.
Re:An Analysis of Motivations for Income Redistribution [pdf]
by sokoloff on Friday September 09, 2016 @08:44PM
(#12467079)
I own 0.000012584948% of all the factories that Ford owns (500 shares of F) and I've never done a lick of work nor made a single decision for them. I own a similar tiny slice of many other factories. All perfectly passive for me.
The choice to produce cars seems analogous to the choice to buy land.
Once that choice is implemented, owning a factory (or share of a factory) seems no more and no less active nor noble than owning a piece of land.