Our world is changing before our very eyes while this guy is belaboring the technicalities. You could hardly ask for a keener display of the philosophical gulf between scientists and engineers.
674 karma · joined August 4, 2020
Our world is changing before our very eyes while this guy is belaboring the technicalities. You could hardly ask for a keener display of the philosophical gulf between scientists and engineers.
People and corporate entities rent land from governments and we call the rental rate 'property tax'. Furthermore, eminent domain is in part meant to defend against adverse situations of the kind you're describing.
IP law is designed to prevent indefinite squatting.
Money is economic kinetic energy. Assets are economic potential energy. And, by and large, any institution attempting to store and grow wealth through asset allocation will need to conduct continuous exchange operations back and forth between economic kinetic energy and economic potential energy, which is another way to describe investing.
This is, of course, a useful activity because it facilitates the transmutation of human self interest into productivity and social value. And, to the extent that such a system gives rise to negative externalities, it is the job of government to correct for that.
To get more concrete, if you have a charitable trust of the kind described in this article, then it will pay out salaries to employees and purchase various kinds goods and services. The recipients of those money flows will in turn put that money to work for their own ends: supporting a family with food, shelter, etc, paying other employees further along the value chain, acquiring other goods and services, and so on.
If someone accumulates this much wealth, they are well within their right to put it to work however they please. And doing so does not induce some permanent dysfunction in the system. In this case, I would argue that what the Patagonia founder has done is immensely commendable.
This reductive drivel at the very end of the post nullified any credibility the author may have had.
This is laughably untrue and, oddly enough, the part of this post that left me most bothered.
More like "enlightened views on wealth preservation." You can follow the incentives on this one. It's not that complicated.