I think this needs a bit more explanation. I have a feeling that you are thinking of some specific examples of passive income that would qualify as labor appropriation (or some other type of exploitation), while there are examples of passive income that aren’t.
Where does the money come from lol? It doesn’t grow on trees. Stocks are labour appropriation, rent is labour appropriation, interest on investments? Who’s paying lol, the bank? No, people in the bank’s debt that they credited with your money.
There’s a pretty wide range of things that are considered passive income. The examples you listed are some of them, and I agree that they are or can be exploitative, but there are many (particularly the ones where someone benefits from monetizing their own creations) that I wouldn’t.
That list is divided into “extract rents” and “work a job” It seems kinda weird to call a job passive income just because you’re not paid a wage. But no I don’t mean people buying a book you wrote.
I think this needs a bit more explanation. I have a feeling that you are thinking of some specific examples of passive income that would qualify as labor appropriation (or some other type of exploitation), while there are examples of passive income that aren’t.
Is it passive income if you write a really good book and get royalties once a month? Because thats where my brain went and I was really confused.
Yes, this is the kind of counter-example I was thinking of as well, as opposed to rent-seeking.
Where does the money come from lol? It doesn’t grow on trees. Stocks are labour appropriation, rent is labour appropriation, interest on investments? Who’s paying lol, the bank? No, people in the bank’s debt that they credited with your money.
What if I make robots work instead?
Using chatgpt carries its own death sentence
Good thing people like you aren’t in-charge.
It’s a shame you feel that polluting our cultural heritage with bullshit, and damaging people’s brains, is worth being able to sit on your arse.
There’s a pretty wide range of things that are considered passive income. The examples you listed are some of them, and I agree that they are or can be exploitative, but there are many (particularly the ones where someone benefits from monetizing their own creations) that I wouldn’t.
That list is divided into “extract rents” and “work a job” It seems kinda weird to call a job passive income just because you’re not paid a wage. But no I don’t mean people buying a book you wrote.
Got it, thanks. I agree that those two things are pretty different from each other.