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by dylan604
783 days ago
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Anytime someone is trying to keep their hand in my pocket with continuous payments for something used to be a one time payment rather than offer the same but as a service is rent seeking to me. Am I confused on the definition? |
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I think the problem most people have with the BMW trick is that they include the feature physically, but disable it. That does almost smell like rent seeking, but I think it does not quite get there. Manufacturers routinely hold back a bit and don't deliver maximum capability. For reasons like emissions, or longevity, whatever. This isn't much different IMO, if you're not paying anything for it then the fact that they included it anyway is immaterial.
Probably the most common kind of rent everyone thinks of, property rental, is also not rent-seeking. There is value in what is being provided.
To go back to a car analogy, it would be like BMW engaging the brakes on your car and then charging you a fee release them so you could drive (even better, making it legally required to pay the fee in order to drive on public roads). They're not providing any value at all, and then demanding money for it.