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by scarface74 2916 days ago
The original comment I replied to was about a software as a service company that was a “rent seeker” because it helped businesses manage thier tax liability.

At one small company I worked for, we paid SAAS companies for:

- expense reporting and reimbursement (Concur)

- managing payroll

- Managing retirement benefits

- source control hosting (Github)

- Infrastructure (Microsoft Azure)

- Salesforce (I don’t know what they do)

- Training and Compliance

- Chat (Slack)

- Email, Office software (Microsoft Office 365)

- vending services

Etc.

How are these companies any different than the company that helps businesses manage tax collection? They all saw a business opportunity and my company was glad to pay them so it could focus on its niche.