> Your knowledge of economics appears to be lacking.Well, duh. If it weren't lacking, what reason would there be for me to talk about it? There would be nothing left to learn. That would be a useless waste of time.
> Your original statement that the only way to extract wealth from someone is by putting them to work is factually wrong for the reasons I stated.
Go on. You stated that rent seeking accumulates profit, but as profit is merely the promise of future work, no wealth is actually extracted. Only a potential promise of future wealth is gained. Not until the profit is spent – as in people are put to work – can wealth be extracted out of those promises.