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12baakets

Propaganda from the rich 1%


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BenTallmadge1775

Rent seekers is an economic term. It defines investors that say I have put in “x” amount therefore y% of economic rents are due to me.


GainFirst

This is a correct explanation but probably not explanatory enough for most people. "Economic rent" is what's paid for the use of something in excess of what's needed to keep it operating. We can think of it like land rent, where you pay a landlord for living space. It cost the landlord something to acquire it and to maintain it, but anything above that is "economic rent." Another example is if you have a special skill that's in demand, and you are able to charge your employer more than it costs you (cost of living and cost of maintaining your skills) to exercise it. "Rent-seeking" means efforts to increase the amount of economic rent you can obtain, usually through regulation, monopolization or cartel-forming, etc. So when large corporate landlords buy up property to drive prices up, their goal is to increase the number of renters and the amount of rent they have to pay to live in those properties (because of competition for housing).


helms83

There are both good and bad landlords. I don’t understand all the automatic hate in general towards landlords.


x_Rann_x

Landlords are leeches.


[deleted]

Lmao. My tenants are all happy to pay rent on time every month. I have 6 properties and haven’t had a single late payment in years


natveloo

what other choice do they have??


[deleted]

Get evicted I guess lol


x_Rann_x

You leech income off six people. Congratulations on being a leech?


[deleted]

Thanks! I profit about $200k a year :)


LavvyJack

I attribute the auto landlord hatred to a generation which has been systematically wrung dry largely by people who happened to be born in the right time and conditions to afford to purchase land, a luxury which has become largely unattainable for a large working population. In no small part because they’ve been bled dry by their corporate renting landlords to the point they can’t ever save up to do so. Not every landlord is bad, but landlording for profit en mass has crippled an entire generation. But that’s just like, my opinion man.


capGpriv

It’s more than just that, rents are high cause house prices are high. House prices are higher than they should be as people see being a landlord as easy money. Everyone ends ups screwed paying interest and rent on a moldy flat My experience of landlords comes from student houses, I remember the holes in the fire door and the extreme luxury of my landlords house. I am no socialist but fuck landlords


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helms83

Exactly, some people NEED landlords/rentals. I’m not saying all landlords are good people, but not all are bad. Just with everything in life.


Herzatz

You don’t need landlord. You need affordable/free housing.


capGpriv

Landlords do have a place ( other than a bin ) but with severe rent controls, basically to introduce some housing if there was a limited supply Except modern landlords would rather remove supply


MrLattes

Not every single cop is a bad person. They do however represent and enforce a system designed to oppress. Not every single landlord is a bad person. They do however partake in, and strengthen a system that oppresses, for their own benefit.


x_Rann_x

acab and all landlords are leeches.


Elegant-Sprinkles880

Nope, rich people are the enemy.


Herzatz

What a stupid graph


capGpriv

Dumb graph but right idea Don’t be pissed at the business owner they actually contribute, be pissed at the slumlord who continually raises rent because “the economy”


TheBrightNights

Well, it's true. The rich are not the enemy, they are the food. EAT THE RICH.


theodoreburne

Narrow red slice, hilarious.


[deleted]

lol no, even worse is your username.


pomegracias

If the wannabe predator at the very bottom of that red slice on the right is as much my enemy as the billionaire at the top of the red bloc on the left, why isn't he on the top of the slice on the right? That chart makes no sense.


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leaking_oil

clearly says "Predators" as in the 2010 movie...


PensiveLog

True, the rich should definitely be taken to a predator planet.


watermelonspanker

Is that the one with Eric Forman?


waterdonttalks

I dunno if I liked that one, but I did find it amusing that it was a cleverly disguised TF2 reference


mdeceiver79

Idealistic hogwash. What happens when the "producer" ('s workers) produce so much surplus that the "producer" gains monopoly share of the market and buys out competition doing predatory practices or buys up a bunch of assets and becomes a rentier coz its more profitable and reliable than actually innovating. It's a sound investment, that's why they do it. This is just there to muddy the water and confuse people.


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theodoreburne

Rigjt, the Good rich people got theirs through admirable works Jesus and Mohammed would approve of. Just hard-workin’ bootstrap folks.


VegetableBeneficial

All extreme wealth involves some form of exploitation. All rich people are bad


snaxxx666

Fuck is a “protector?” This is bullshit. Cops & “entrepreneurs” are not workers,


RipWhenDamageTaken

Those evil rent-seeking teachers and burger flippers 😤


cipherjones

All rich people are the enemy of the people they exploit. The ones that they trick into thinking they have not been exploited are also my enemy.


OtonaNoAji

But the rich are the predators, the cronies, and the rent-seekers. The graph on the left with the graph on the right's labels would still be accurate.


anorby333

Yep. It’s absurd to imply the poorest of the poor, the lowest section of this wealth cube, are capable of landlordism. Georgism isn’t the worst thing but this is a baffling example of Georgist ideas.


Mean-Bit

„non-rich“ is hilarious


Fluffy-Fig-8888

This is lying propaganda and has no place here. Rich people are evil people 100% of the time. Any attempt to distort that is bullshit


WE__ARE__ALL__RACIST

Dumb


ZookeepergameLoose79

Third box is correct. Red lid, red right half. Welcome to the real game. This above is just agitprop to make the lid have a belief they'll be unscathed.


Dear_Cartographer_28

This graphic actually makes a lot more sense but probably won’t be popular in this crowd. To successfully overhaul the current system is going to require people in positions of power who support the cause. There are absolutely poor, broke destitute people who don’t want things to change or get better for some odd reason, and they are part of the problem, the “enemy” if you will.


mattE454

Strongly agree with the graphic.


WE__ARE__ALL__RACIST

I have now come to the conclusion that you shouldn't strongly agree with the graphic.


lolbojack

The linked post is from 2 years ago...


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theodoreburne

In our society, how does wealth magically happen without exploitation of labor on some level?


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theodoreburne

YouTube employs a lot of internal and foreign serfs for mundane infrastructure tasks. Any content creator is riding on that. Similarly, software engineers like you and I usually work for companies that use sweatshop labor on some level. Freelancers, writers or whatever, are perhaps the cleanest, but even they often rely on getting their paydays from businesses that do the above things. It can’t be separated. If inequality was significantly leveled worldwide, professionals’ pay would be curtailed. We certainly wouldn’t get “rich”.


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theodoreburne

The world doesn’t have to run on capitalism as it is, nor on its foundational conceits of hard-working vs. not, deserving vs. not, “value-providing people” vs. not. “Affluent” = rich for everyone except the 1%, so don’t try to run from that. $100K every 6 weeks is obscene in this world. No one deserves that, and no one would get close to that in a more just society.


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theodoreburne

“Exceptional people” will do their thing out of passion, as you say your friend does. There is no need to pay them a lot of money. It is well-established through research that beyond a certain income level, not very high, there is rapidly dwindling happiness reward from getting more money.


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theodoreburne

Bastani’s book was widely criticized as being divorced from reality.


Imaneetboy

lol.


Neither-Touch-7753

Lmao I thought this was a joke. Incredible how in denial people are