Re: How does productivity turn into higher wages?

royls_at_telus.net
Date: 01/19/05 

Date: Wed, 19 Jan 2005 17:33:22 GMT

On Wed, 19 Jan 2005 01:22:43 GMT, Les Cargill <lNOcargill@cfl.Arr.com>
wrote:

>The Trucker wrote:
>
>> As that happens he sucks up the excess and hoards it so as to increase
>> his control, his power, his wealth.
>
>Or he flows it into other properties, or improvements, or other
>investments. It's a poor business shows a profit these days - most
>people want capital gains under some sort of trust to hide tax.
>
>Either the landlord is rational, in which case he wants maximum
>bang-for-buck, which means reinvesment) or he's exhibiting a
>patholgy which eventually cause his holdings to lose value.

I see no evidence of this "pathology" reducing the value of their
holdings, unless it is so widely shared that a bubble occurs, and then
inevitably bursts.

-- Roy L

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