Mac1958
Diamond Member
.
The piece, and the argument, assume that "rentiers" just had the properties that they own fall into their laps. These people had to create whatever wealth it took for them to acquire that property, just as a homeowner does; they had to deal with the requisite risks of that wealth creation; they continue to take risks with the value of the property and uncertain payments of rents, among other things.
Intellectual dishonesty by omission, no thanks.
.
The piece, and the argument, assume that "rentiers" just had the properties that they own fall into their laps. These people had to create whatever wealth it took for them to acquire that property, just as a homeowner does; they had to deal with the requisite risks of that wealth creation; they continue to take risks with the value of the property and uncertain payments of rents, among other things.
Intellectual dishonesty by omission, no thanks.
.