Work is effort generating positive effects for everyone. Rent-seeking is extracting wealth from workers who actually contribute to the economy.

The top 1% are hoarders and I hope one day it’s identified as a detriment, as other hoarding is, within the DSM.

This group will also fight tooth and nail by lobbying, hiding assets, and opening specific bank accounts to avoid paying as much taxes as possible.

They are parasites.

Billionaires have to say that, otherwise poor people would be a drain on their capital assets

Time to tax the rich

Neoclassical economists say rich people contribute to the economy by “allowing people to use their capital,” but allowing someone to do something isn’t work, it’s the absence of work. If I disallow someone to use my factory machines, it would require work for me to prevent them from using it, as I would have to get the police involved or at least some sort of private security. Allowing someone to use something is just choosing not to do anything, and supposedly they would have us believe that capitalists not doing anything contributes to the economy.

But, I hear the rich are delicious on toast.

BuT tHeY pRoViDe JoBs

/s

My labor produces food packaging for literally tens of millions of food packages every day, and that scaling is even after you divide it up by the number of people we’ve got doing it, so it’s conceivable that certain capacity to organize things is so extremely valuable.

That said, our billionaires are not that.

Thanks for this, it’s very clarifying.