Challenging the myth that the rich are specially-talented wealth creators

The rich say, it is not our fault, the corporations are doing that.

The corporations say: We have to do that, because the "market" is demanding higher interest rates!

So, who is to blame: "The Market"?? The politics that do, what the "market" wants, or the workers, that do not work 10% fast every year to secure the rising interest rates?

We have created a system, that allows everybody to say, that it is not his or her fault, it is just the system. The politics also say, it is not their fault, that they fostered the system, because the business professors told them so. The scientists are also not to blame, because it is the "nature" of the money ...

So it is just a law of nature?

No, by nature, societies are better of, when everybody has his share and even when differences exist, some kind of sense for justice is implanted in every human being.

Today's system of zero responsibility has the power to destroy every basis of human societies. Some day, the super-rich will realize that nobody else is left, that cleans their rooms or empties their trash-cans ... while living themselves behind big walls and barb-wire.

Otherwise please use the original title, unless it is misleading or linkbait.

https://news.ycombinator.com/newsguidelines.html

"Since it’s a payment for nothing that didn’t already exist, it’s a deadweight cost, and so not only unjust but also dysfunctional for the economy. "

The practice of renting exists as an option to owning. By renting, renters can engage in an activity with less up front capital to buying. For example, a contractor building a concrete sidewalk may choose to rent the mixer rather than owning it, so that it's cost is a cost of sale for the service, rather than a fixed cost that requires maintenance, storage and transportation. In that sense, the rental is a component of a larger transaction involving actual work being performed, and not parasitic. Moreover, by offering the mixer for rent, the 'rentier' reduces the total number of mixers that need to be produced, as it is a shared resource to contractors and they each do not need to own their own.

The same principle pertains to business. A fast growing startup may know they only need a space for a short time and will grow out of it. So it would make no sense to purchase the property they will inhabit for a short time. The rent they pay is an alternative to mortgage or cash, and it makes sense for their business purposes, which in theory do produce something of value.

In the example of home rental, making homes available for rent enables families to live in accommodations that they would not be able to purchase. These accommodations are not without cost to the owner: Taxes, utilities, maintenance, security and administration are all associated costs that rent payments offset. What the rentier provides in most cases, is a better quality of life than the family could have if they were forced to own the property they lived in.