India has a hole where its middle class should be

Re:India has a hole where its middle class should be by coldtea on Saturday January 13, 2018 @03:11PM (#16141106)

Land could be real estate, which, if not just sitting idle, it's still the epitome of rent-seeking.

Plus, land rented to farmers is productive because of the farmers, not because of the land -- and would still be a sinkhole of money from the middle class (the farmers) to the rich person doing the renting, not entering circulation like the money a farmer would make (to buy animal food, seeds, whatever, and to live their family).

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Re:India has a hole where its middle class should be by walshemj on Saturday January 13, 2018 @03:38PM (#16141257)

You know that a large proportion of the returns from the stockmarket are made by reinvesting dividends.

"rent seeking" seems to either be used by people who don't understand how trade/investment works or want something or subsidies'

or its a dog whistle that tends to go with gold bugs, cryptocurrency fantasists and then on to much less pleasant things

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Re:India has a hole where its middle class should be by coldtea on Saturday January 13, 2018 @10:07PM (#16142629)

Err, "rent seeking" is an established term of mainstream economics and well studied.

Not sure what you're going about re: gold bugs, and "less pleasant things"...

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