> extracting rent encourages productivity because people have to work more to pay the rent this is like arguing that riots are productive because the gdp goes up due to people spending money to clean up the mess. its not productive, it's extractive, because there is only a one way parasitic relationship between landlord and renter. at least in the case of commercial property, the rented property is used to generate wealth itself so there is justification. for residential property that is only used to live in, there is no justification, even adam smith saw it as purely exploitative
Canada