Re:Is Inequality Inevitable?
by AnthonyMouse on Wednesday November 06, 2019 @02:44PM
(#21466340)
It's only rent seeking if the capital isn't worth anything or was illicitly obtained.
If you drive a truck for ten years to save up enough to buy your own truck, and then drive it eight hours a day while you pay two other people to drive it the other sixteen hours a day, you're making more money than them for the same work. But it's only because you saved instead of spent for ten years, and the only reason they have a job driving a truck is that you have a truck. They have neither a truck nor the money to buy one, so without you they're standing on a street corner with no job.
If you drive a truck for ten years to save up enough to buy your own truck, and then drive it eight hours a day while you pay two other people to drive it the other sixteen hours a day, you're making more money than them for the same work. But it's only because you saved instead of spent for ten years, and the only reason they have a job driving a truck is that you have a truck. They have neither a truck nor the money to buy one, so without you they're standing on a street corner with no job.