/lit/ - Literature

>>14701617
Absolutely absurd post. Labor is poorly valued because its not required in great amounts to increase productivity as time goes on. Labor is poorly valued because of globalism and global arbitrage. Labor is valued poorly because anyone can do it and people all over the world are chomping at the bit to do it cheaper than their neighbor.

>Capital begets capital
There are two things here: One is property and the hoarding (ownership) of limited resources which everyone needs and exploiting this. There is no wealth creation from the rent-seeker.

The other is investing money in things that return capital through productive means. Example, investing money in the stock market is basically lending money to a company in exchange for a share of its profits. That money from the stock you purchased goes towards hiring people, towards R&D, towards marketing, towards training, etc. You invest in something that increases productivity and if its something the world deems valuable and profitable you get to make some money on it.

Its only (one) that should be dealt with (violently). Two is fine and perfectly normal. Institute an LVT and dictate that property is all owned by the government and people only get 99 year leases or something. Residential properties should deprecate over time.