Comment on Economist Says Most of Billionaire Wealth Is UnearnedComments−refurb9yIt seems like "rents" has become the latest political buzzword. I see it used incorrectly to label something as "bad", but it makes the person using the word sound educated and sophisticated.It's losing it's impact.−desireco429yI feel like he defined the term quite a bit before he used it. It does describe very specific way of earning income.−aaronchall9yIf it's a very specific way of earning income, isn't the income, thus, earned?−the_gastropod9yThat depends on what the definition of "earned" is: "obtained" or "gained deservedly". I think this is an example of the former definition.−phaus9yThe word has been used when discussing the politics of economics for over a century.−refurb9yYes, and it typically includes things like the excess salary earning by trade guilds and unions. Interesting how he didn't mention that, did he?
Comments
It seems like "rents" has become the latest political buzzword. I see it used incorrectly to label something as "bad", but it makes the person using the word sound educated and sophisticated.
It's losing it's impact.
I feel like he defined the term quite a bit before he used it. It does describe very specific way of earning income.
If it's a very specific way of earning income, isn't the income, thus, earned?
That depends on what the definition of "earned" is: "obtained" or "gained deservedly". I think this is an example of the former definition.
The word has been used when discussing the politics of economics for over a century.
Yes, and it typically includes things like the excess salary earning by trade guilds and unions. Interesting how he didn't mention that, did he?