Someone who lives on capital income or real estate income without – yet – participating actively in business life; redeem = here: to convert a coupon into cash. – The term is mostly used in a derogatory sense; it used to be a regular part of the Marxist accusatory writings against the markedbased economy: the economic system based on private ownership, freedom of contract and competition. For there must be no income from capital assets in the socialist economy, because here the capital stock is owned by the people and managed by officials of the socialist party in the best possible way and only for the benefit of the laboring masses (for the benefit of the laboring masses). – See coupon, pension, funded, annuity, stick-jobber.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/