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Comment on No one really understands our struggle

Oh, the hard, hard life of the rent-seeker who is stupidly greedy and unwilling to lose a little bit of profit to pay somebody else - like an agency - to take care of all the work and manage their assets, so instead of making money purely from having money without lifting a finger, they have to suffer the indignity of actually working a few hours a week like poor people.

The pain and suffering must be unbearable…

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SCB@lemmy.world ⁨1⁩ ⁨year⁩ ago
“Rent-seeking” as an economic concept is not when you collect rent, as a landlord does.

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- Aceticon@lemmy.world ⁨1⁩ ⁨year⁩ ago
  In Economics “rent-seeking” is seeking to receive a “rent”, but the concept of “rent” here is broader than merelly the kind of rent paid for a property (for example, when banks place themselves in the position to get a commission out of every small financial transaction out there, through “Touch To Pay” schemes, they are “rent-seeking”).
  
  So whilst not all rent-seekers are landlords (probably not even most rent-seekers), all landlords are rent-seekers, which is exactly how I handled those definitions in my post.
  
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  - SCB@lemmy.world ⁨1⁩ ⁨year⁩ ago
    Landlords aren’t necessarily rent-seekers (though some individuals conceivable could be) as economists use the term, and your lack of understanding of economic rent-seeking is something you can fix.
    
    Rent-seeking is a concept in economics that states that an individual or an entity seeks to increase their own wealth without creating any benefits or wealth to the society. Rent-seeking activities aim to obtain financial gains and benefits through the manipulation of the distribution of economic resource
    
    Providing a home is a benefit to the society.
    
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