Comment Re: total batshit (Score 1) 115
OK. Common examples of rent-seeking would include:
The NFA previously required payment of a $200 fee for a 'stamp' or something, so that you would be permitted to purchase a suppressor, or other restricted firearm accessories. Adding absolutely NO value to the transaction, other than registration, which would be the second criteria to be considered as a 'rent-seeker'.
So you are using an excise tax for your definition of "rent-seeking"? In other words, you're just using your own personal definition. Taxes would only be rent seeking if they are being used to funnel money to a particular manufacturer. The excise tax you are describing is indiscriminate. In a rent-seeking scenario, there needs to be a party looking to extract rents. Who would that be in your excise tax scenario? The mere fact that the government is taking a fee doesn't make it a rent. So what other party is trying to commercially benefit from this excise tax on suppressors, etc.? Also, what market are the people trying to buy suppressors being kept out of by this excise tax, I am curious? Is the hit man market sadly experiencing a government caused monopoly? I suppose you could be talking about gun ranges that might hand out suppressors to clients so that they're less noisy while shooting to deal with noise ordinances. Except I haven't heard of that being a thing. Certainly the playground at my child's old school had a constant background noise of gunfire from the nearby shooting range.
Your next example is basically more of the same thing. You complain that "they don't even test you". In other words, there's basically no discrimination, meaning there's no market distortion in favor of particular parties. Now, I could argue that it is discriminatory against the poor, perhaps. But I am pretty sure you would draw the line at the suggestion that society systematically disenfranchises the poor in yoenur arguments because it would conflict with other ideological positions. In any case, the fees in question are almost always held as being small enough to not be discriminatory in nature by most parties. Basically, you're lumping taxes and license fees into "rent-seeking" when they are clearly not that by the classic definition.
You go on to a definition of rent-seeking behavior from Wikipedia. Though, I will note, it is not from the Wikipedia page on rent-seeking behavior. The text you cite is not on there, and it hasn't been edited since the 9th. I suppose there are other pages with definitions for it, but it would have been nice to specify which. Two things are interesting here. One is that it seems highly likely that definition is "somewhat limited" because you are omitting additional sentences that extend the definition (aside from the additional bit about Adam Smith), but I can't tell because no link or reference to what Wikipedia page you mean. The other interesting thing is that, in the excerpt you use, it says "Rent-seeking is the practice of individuals or businesses...". So, "individuals or businesses" are not the government, but your examples of supposed "rent-seeking" are government. However, Adam Smith did not consider government taxes to be the same thing. He wasn't a huge fan, but he thought they were necessary, but he made a definite distinction between government taxes and fees and private monopolies. He only applied the same criteria to government action when it was being used to do things like grant monopolies or skew markets towards specific non-government individuals and groups. In any case, holding up Adam Smith as an example is a bit of a balancing act for anyone against government granted monopolies because he was in favor of patents and copyrights. Also, he was totally in favor of taxing things that were not necessities. He would likely have been fine with the gun suppressor tax. For an example of something he was not fine with: tariffs.
With regulatory capture, you at least have a more valid example. Though you don't actually get specific. That is a rent-seeking behavior. I will note though, that you have yet to give an example that doesn't directly involve government...
Demonization of landlords in the root example..
The rent seeking parts that were talked about were not the general collection of rent for property. They were collusive elements in pricing rents, either direct or systemic. You literally use the word gentrification in your paragraph. You clearly recognize what it is. In its modern sociological usage, it refers to the original inhabitants of a neighborhood being forced out in favor of an influx of wealthy newcomers because of rising land values. Despite not actually offering any more real value, landlords raise their rents to exploit a "rent gap" between what they are getting in rent and what the market may now be willing to bear. Look up Neil Smith and "rent gap theory". Note that this was even before the modern trend of rental market speculation.
But demonization of successful private enterprises is a basic tenant of Marxism, which is getting popular in the US. That's an entirely different discussion etc.
Sure, sure. Can't be anti-monopolistic without being a "Marxist", I get it. Having read this post, I think it has crystallized your opinion a bit. It seems to me that you're a "taxation is theft" neo-libertarian type who is taking the concept of "rent-seeking" and viewing it through your own personal lens so that it exclusively refers to government activity. At least, that seems to be the point we've reached in the conversation. That's fine, it just means that meaningfully communicating with others on the subject is going to be difficult for you.