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.
“I work very hard as a landlord”
“I am a leech on society”
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.
“I work very hard as a landlord”
“I am a leech on society”
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
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.
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.
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”
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
Please see my other comments in this thread, you have a wing definition of “passive income”, please look it up.