Groceries and vacations aren't even liabilities. Fella doesn't understand accounting well enough to fake use it properly.
this post was submitted on 08 Mar 2025
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Born on third base. Thinks they hit a triple.
i've literally paid more in rent for my small apartment than the entire (5 unit) building is worth. i crossed that threshold years ago.
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(3 replies)
I mean why not?
Rent-seeking is an evergreen relevant Wikipedia article
Gotta love when it applies to it's original namesake
I worked in the rental industry for a minuet, and I left because the people in the industry do not think of their renters as people. To property owners, renters are objects that you put in a property to make the property generate money.
Any reason why we can't just change the tax code to make this thing less viable? We disincentive things all the time. Like we can carve out exemptions for situations and things I'm sure but like, this shouldn't be how to run a society.
Any reason why we can't just change the tax code to make this thing less viable?
99% of state and federal level politicians are owned by these leeches and/or ARE these leeches.
In other words, almost all of the people with the power to do anything about it have a vested interest in NOT doing anything about it.
this shouldn't be how to run a society.
Ramen.
Any reason why we can’t just change the tax code to make this thing less viable
Culture. Too many people think those who have more deserve more and those who have less deserve less.
It's the same idea that made slavery so accepted in the South. Most Southern whites did not own slaves; they could not afford it. They still supported slavery because they supported the idea of owning slaves, that maybe one day they could get a slave of their own.
Same goes for why we have so many dirt-poor paycheck-to-paycheck useful idiots going to bat for their oppressors; they're hoping that one day they can be the oppressors. Oh, and they don't want to admit they're being taken for a ride.
Until this culture changes, we shouldn't expect things to get any better.
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What's weird to me is that the first one pays for their vacations and the second one pays their mortgage. If I had rental properties I would do it the other way around.