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by sokoloff 2 hours ago
People who create wealth for society by inventing and providing goods and services that others find valuable enough to buy are, by definition, not rent seeking when they do those things.

If you have complaints against rent seekers, that’s fine, but that’s not against “labor saving innovations” and it would probably serve you well to not confuse them, so you don’t inadvertently object to life-improving inventions.

1 comments

> inventing and providing goods and services that others find valuable enough to buy

Are not getting rich. They get lower and middle class salaries.

Right, it's usually not the inventors, artists, etc. who reap the wealth generated by their creativity. The already-wealthy divert a disproportionate share of that productivity to themselves.