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Look, even Wikipedia admits it!

Passive income is a type of unearned income that is acquired with little to no labor to earn or maintain.

glasses-off "I work very hard as a landlord"

glasses-on "I am a leech on society"

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[-] buckykat@hexbear.net 61 points 4 months ago

I've seen some landlord tiktok where one minute they go "I love my passive income, look how relaxing and luxurious my life is smuglord" and the next minute go "Don't you understand how much hard work it is to be a landlord!? wojak-nooo"

[-] BelieveRevolt@hexbear.net 43 points 4 months ago

It's funny in general that whenever you say landlords are useless someone always says ”but they do X and Y, it's not just collecting the money every month”, but every finance bro pro tips for life article always has i-told-you-dog ”Invest in property, it's a good way to have passive income!” in it.

[-] buckykat@hexbear.net 41 points 4 months ago

They hold both these contradictory ideas in their heads simultaneously without any kind of introspection or synthesis.

[-] Palacegalleryratio@hexbear.net 31 points 4 months ago

Oh there is synthesis, it’s just they’ve squared the contradiction with: “works good for me, fuck you, got mine!”

[-] WideningGyro@hexbear.net 18 points 4 months ago

they do X and Y

Goes to any forum for landlords: "How can I avoid doing X and Y for my tenants?" "Is there any way I can force my tenants to do X and Y or pay for them?"

[-] Assian_Candor@hexbear.net 16 points 4 months ago* (last edited 4 months ago)

But what if they hire a management company

[-] wtypstanaccount04@hexbear.net 29 points 4 months ago

Landlord tiktok is only something I want to look at if I find myself not hating capitalism enough

[-] buckykat@hexbear.net 21 points 4 months ago

It is truly one of the most infuriating and cursed things on the internet, and I've only seen it through youtube videos making fun of it

[-] EmoThugInMyPhase@hexbear.net 13 points 4 months ago

I feel like a lot of it is tongue in cheek to generate ragebait, but at the same time, they genuinely believe in their superiority

[-] GrouchyGrouse@hexbear.net 11 points 4 months ago

That's like me and watching Ben Shabibo shit. His whiny voice and attempts at wit are infuriating. I can't hate watch it even if it's someone mocking him. It's like he's figured out how to use his own intellectually stifling brain prison as an offensive weapon.

[-] buckykat@hexbear.net 12 points 4 months ago

I literally can't even watch videos making fun of little benny his fucking voice is just too obnoxious to listen to.

[-] emizeko@hexbear.net 4 points 4 months ago* (last edited 4 months ago)

I was able to watch the Wet Ass P-Word remixes of Shapiro rapping, those were pretty funny

[-] EmoThugInMyPhase@hexbear.net 7 points 4 months ago

You’ll probably enjoy Gotfield. Conservative media pundit gets his own standup routine segment on fox news lol. He’s apparently a fan of that one hyperpop duo (forgot the name)

[-] booty@hexbear.net 15 points 4 months ago

You’ll probably enjoy Gotfield.

garf-chan?

[-] Vampire@hexbear.net 51 points 4 months ago

Capitalists defending capitalism say it rewards hard work.

Capitalists giving financial advice say avoid labour, get passive income.

[-] GrouchyGrouse@hexbear.net 29 points 4 months ago

Their advice is always full of incongruous shit like that. "Capitalism rewards risk."

Like bros you made medicine a for profit industry where the real money is in the insurance side of things. Where is the risk. One day people are going to decide not to get sick? Fuck off.

[-] healthkick@hexbear.net 25 points 4 months ago

Without their Ayn Randian WILL and VISION insulin would be as cheap as orange juice

[-] GrouchyGrouse@hexbear.net 20 points 4 months ago

The diabetes causing me to go blind will make it easier to replace my eyes with Randian Vision.

[-] Vampire@hexbear.net 12 points 4 months ago

The definition of risk is that it can be punished or rewarded.

[-] EmoThugInMyPhase@hexbear.net 15 points 4 months ago

The original capitalists also detested landlords and rent lol

[-] Vampire@hexbear.net 9 points 4 months ago

markets ≠ capitalism

[-] EmoThugInMyPhase@hexbear.net 39 points 4 months ago

That’s a skill issue. My passive income is earned income that is acquired with little to no labor to earn or maintain because I take shits on company time, take long lunch breaks, and clock out from my phone when I get home

[-] booty@hexbear.net 33 points 4 months ago

Hell yeah brother I read 5 novels on the clock this week, look at us passively incoming just like real capitalists

[-] TheLepidopterists@hexbear.net 3 points 4 months ago

One time I had a position at my job for about a year that probably shouldn't have existed and didn't really require more than an hour or two of work a day.

I read all of Worm and Pact that year, which for reference is about the same as reading the whole ASOIAF series and then going half way through it again.

Good year.

[-] RedWizard@hexbear.net 10 points 4 months ago

🎶 Boss makes a dollar, I make a dime, that's why I shit on company time. 🎶

[-] barrbaric@hexbear.net 30 points 4 months ago

Had a coworker complain he was "only" getting a 4% return on the condo he bought in another city that he pays someone else to manage for him. I just told him he deserved worse but didn't elaborate, because I am a lib.

[-] nohaybanda@hexbear.net 22 points 4 months ago

I wish all the passive income pricks a very sudden and kinetic outcome

mao-aggro-shining

[-] Procapra@hexbear.net 19 points 4 months ago

I don't work either tbh. Ofc, I also don't earn passive income.

Be lazy the right way kids! niko-happy

[-] shath@hexbear.net 16 points 4 months ago

they pass my sive until i income

[-] emizeko@hexbear.net 8 points 4 months ago

owning things is not a job

[-] abfarid@startrek.website 3 points 4 months ago* (last edited 4 months ago)

I don't think that's a fair or accurate definition. If I programmed a paid piece of software*, or a paid API, that I don't intent to upgrade much, that's passive income, which is earned.

[-] Runcible@hexbear.net 22 points 4 months ago

In this scenario you have made something and it is available for purchase. A landlord creates nothing and will not sell so that they can benefit from scarcity.

[-] Black_Mald_Futures@hexbear.net 10 points 4 months ago* (last edited 4 months ago)

In this scenario you have made something and it is available for purchase. A landlord creates nothing and will not sell so that they can benefit from scarcity.

He's basically talking about the digital equivalent of "what if i built a saw mill and then got income from people using it." Just because he created something doesn't mean the income received after is not a form of rent seeking, it's profit derived solely through ownership of the thing that was made despite the labor that made it potentially having already been paid for multiple times over, and since all this income accrues passively with no labor input beyond the initial creation, it's passive income

[-] abfarid@startrek.website 4 points 4 months ago

Sure, but it's still passive income. Being a landlord is not the only way of having a passive income. And I'm criticizing the way it's defined.

[-] Runcible@hexbear.net 12 points 4 months ago* (last edited 4 months ago)

idk, this reads like using a semantic difference to run cover. The app isn't passive income because you did something even though the creation of it is over, passive income comes from owning something as opposed to doing/making or anything else of actual worth.

[-] Black_Mald_Futures@hexbear.net 10 points 4 months ago

In this case the passive income is like landlording off the intellectual property rights of the API, it is a form of rent seeking, and im pretty sure the good socialist take here is "it's fine for a person to get fair compensation for their work but not okay to own and profit from that ownership for literal perpetuity so that they can be paid for the same dead labor over and over again"

[-] Runcible@hexbear.net 5 points 4 months ago

Yeah, there is some depth to it but mostly to prevent exploitation of the time it takes when considering the uncompensated education or experience that allows it

[-] abfarid@startrek.website 1 points 4 months ago

Please see my other comments in this thread, you have a wing definition of "passive income", please look it up.

[-] LesbianLiberty@hexbear.net 19 points 4 months ago* (last edited 4 months ago)

Passive income is a type of unearned income

Serving APIs that anyone would pay for requires constant work and maintenance

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this post was submitted on 11 Jul 2024
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