Hacker News
points by cowlevel 3 days ago | 0 comments
Do you understand where that "built wealth" comes from? It doesn't appear from the ether - it's transferred from one person to another. In this case, it's transferred from a legitimate useful business to a rent-seeking investor who creates no value but holds value hostage. And if the amount of "built wealth" is too high, no business exists that can afford to pay it, and so it doesn't get "built".
[–] skinfaxi 2 days ago
Wealth is zero sum?
[–] graemep 2 days ago
Wealth from land ownership is zero sum.
[–] skinfaxi 2 days ago
Doesn't this assume land can't become more productive over time? Like was Las Vegas real estate as valuable when it was barren desert?
[–] cowlevel 1 day ago
That wealth comes from using the land, not owning it. The landlord has nothing to do with it - he only takes as much of the wealth someone else created as he can get away with.
[–] lifestyleguru 2 days ago
Even worse, wealth is vacuumed up.