Current Events > Hot Take: 'passive income' should not be a thing

(+) Yeah! (+)

i.e. getting paid for doing nothing (outside of welfare/disability)

Whether it's ad revenue or investments, it's gross how some people can literally make money in their sleep.
You should only get paid for actual work, unless you can't.

Disagree

If anything, everybody should have passive income

TMOG posted...

Disagree

If anything, everybody should have passive income

is this you?

https://youtube.com/shorts/nrAQhgP9xF0?feature=share

Cool. Actors no longer receive residuals from reruns being aired on syndication. Musicians also no longer get a cut whenever their song is aired on the radio.

If I buy a bond or CD, I shouldnt earn interest on it?

Or I shouldnt be allowed to earn dividends on a stock?

I like you as you poster in general TC but this is not your finest topic

If people only knew the injustice of our monetary system, there would be revolution before nightfall.

Ad revenue is directly linked to doing something. Plus, UBI. This take is incredibly shortsighted in a variety of ways.

"Passive income" is pyramid scheme lingo

Jerry_Hellyeah posted...

"Passive income" is pyramid scheme lingo

Passive income is just capitalism.

UBI should be a thing.

Technically salaried people make money in their sleep. Is that wrong too?

saying something like that as an absolute is absurd.

people that create something should get paid for their work when it is used provided they didn't sell the rights to it.

Okay, we all have to clock out to go pee now.

Cry more.

Universal basic income for all.

[LFAQs-redacted-quote]


It is. Renting or investing is far from a passive endeavor, if you want any results.

Index Funds are good actually.

Agreed, but it's a lot to unpack.
Stock market is crazy, as well as the way companies are structured - authoritarian, like a dictatorship.

Whether you're investing in a company, sector, or even shorting them, that messes with your head. A company can do a terrible thing like mass layoffs, and in the back of your head, you think that will free up their cash flow for the upcoming earnings report. It's kind of disgusting. I'd rather the stock market invest in more tangible goals directly, kind of like kickstarter. Companies themselves should be structured a bit more democratically, with more influence from employees and the population.

As for "passive income," I think it's a good thing in terms of what it aims to do. Once you have $1-2MM, you can utilize your capital or some other asset to provide yourself passive income. It's used to provide financial independence where they no longer need to rely on productivity to survive.

Overall, I think that goal is good, but the middleman of raising capital and stealing from others (landlording) is in the way. Basic necessities of food, housing+utilities and education should be provided, while we can use a market for everything else. It'll also get rid of a bunch of useless jobs like telemarketing, advertising junk you don't need, a bunch of loaning/financial services, etc.

Jesus H.

Stfu, stop watching anime, throw your PS5 out the window, and buy stocks you weebs.

Passive income shouldn't be required to pad out your life, I agree. But saying it shouldn't be a thing is weird.

Hard work has never equated to wealth. I have never once seen a wealthy person who busted their ass and tunnel visioned work. Quite the opposite really, the laziest people I know are the most well off