A term such as "Worstall's Fallacy" or "Adam's Fallacy" is always used to mean a lapse in logic on the part of the person named.
Worstall's Fallacies would include such things as QE, China, UBI, AI, Global Warming, Carbon Tax, Jobs and Exports where his beliefs can be shown to be partly or wholly mistaken.
“This has made a small number of people very, very rich by contributing almost nothing and taking increasing rents from those that do contribute.”
This is certainly true sometimes. Not in the open market but where government interference enables it.
I give you Dale Vince, and the vast hordes of other Climate Grifters, as the prime example of people whose contribution to society is actually negative while becoming rich in the process.
A term such as "Worstall's Fallacy" or "Adam's Fallacy" is always used to mean a lapse in logic on the part of the person named.
Worstall's Fallacies would include such things as QE, China, UBI, AI, Global Warming, Carbon Tax, Jobs and Exports where his beliefs can be shown to be partly or wholly mistaken.
“This has made a small number of people very, very rich by contributing almost nothing and taking increasing rents from those that do contribute.”
This is certainly true sometimes. Not in the open market but where government interference enables it.
I give you Dale Vince, and the vast hordes of other Climate Grifters, as the prime example of people whose contribution to society is actually negative while becoming rich in the process.