Forum Post: The Euthanasia of the Rentiers is Over-reacting
Posted 9 years ago on March 31, 2015, 12:05 p.m. EST by agkaiser
(2516)
from Fredericksburg, TX
This content is user submitted and not an official statement
http://krugman.blogs.nytimes.com/2014/01/22/the-euthanasia-of-the-rentier/
If one makes/has so much money that all they can do with it is loan/rent it out at interest or purchase some asset/property that can be rented (made to produce revenue by the work of others such as employees or renters) then one makes/has too much money. Obviously the same applies to property one owns and/or controls.
The problem of the existence of rentiers, who are destroying the real economy by exsanguinating us with their rental streams, is solved by confiscatory taxation of their excess property and money.
http://blogs.reuters.com/great-debate/2014/03/12/rentiers-are-at-root-of-1-percent/
But if the taxation/redistribution solution doesn't manifest soon I'll rethink it along the lines of Keyenes [tongue in cheek?] comment.