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Politics : Politics for Pros- moderated
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To: KLP who wrote (502192)8/15/2012 2:56:43 AM
From: unclewest9 Recommendations  Read Replies (2) of 794446
 
"RENT-SEEKING": "Some people get an income from working, and some people get an income just because they own a resource," Stiglitz says. "Their income isn't the result of effort. They're getting a larger share of the pie instead of making the pie bigger. In fact, they're making it smaller."




So working, saving, and investing the savings for profit is not effort?

Nuts!





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