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View Diary: Can the Sioux hold off the vampires? Can we help them? (65 comments)

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  •  Usury, regulation, unfair profits (0+ / 0-)

    I'm saying, rent seeking is bad. Agree or disagree? Lending money for an unfair amount of profit is bad and wrong, and most major world religions agree. I think windfall profits should be taxed at something approaching 90%.

    Lending money for a reasonable profit is not bad or wrong, reasonable profit being defined as "That which compensates for the actual risk level." But basing our entire society on rent seeking and limited liability just seems like a recipe for disaster. And guess what we see, in a perpetually recurring  cycle?

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