this post was submitted on 11 Jul 2024
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chapotraphouse

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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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[–] [email protected] 61 points 1 month ago (2 children)

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"

[–] [email protected] 43 points 1 month ago (3 children)

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.

[–] [email protected] 41 points 1 month ago (1 children)

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

[–] [email protected] 31 points 1 month ago

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

[–] [email protected] 18 points 1 month 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?"

[–] [email protected] 16 points 1 month ago* (last edited 1 month ago)

But what if they hire a management company

[–] [email protected] 29 points 1 month ago (1 children)

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

[–] [email protected] 21 points 1 month ago (2 children)

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

[–] [email protected] 13 points 1 month 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

[–] [email protected] 11 points 1 month ago (2 children)

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.

[–] [email protected] 12 points 1 month ago (1 children)

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

[–] [email protected] 4 points 1 month ago* (last edited 1 month ago)

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

[–] [email protected] 7 points 1 month ago (1 children)

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)

[–] [email protected] 15 points 1 month ago

You’ll probably enjoy Gotfield.

garf-chan?

[–] [email protected] 51 points 1 month ago (2 children)

Capitalists defending capitalism say it rewards hard work.

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

[–] [email protected] 29 points 1 month ago (2 children)

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.

[–] [email protected] 25 points 1 month ago (1 children)

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

[–] [email protected] 20 points 1 month ago

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

[–] [email protected] 12 points 1 month ago

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

[–] [email protected] 15 points 1 month ago (1 children)

The original capitalists also detested landlords and rent lol

[–] [email protected] 9 points 1 month ago

markets ≠ capitalism

[–] [email protected] 39 points 1 month ago (3 children)

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

[–] [email protected] 33 points 1 month ago (1 children)

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

[–] [email protected] 3 points 1 month 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.

[–] [email protected] 10 points 1 month ago

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

[–] [email protected] 30 points 1 month 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.

[–] [email protected] 22 points 1 month ago

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

mao-aggro-shining

[–] [email protected] 19 points 1 month ago

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

Be lazy the right way kids! niko-happy

[–] [email protected] 16 points 1 month ago (1 children)

they pass my sive until i income

[–] [email protected] 8 points 1 month ago

owning things is not a job

[–] [email protected] 3 points 1 month ago* (last edited 1 month ago) (2 children)

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.

[–] [email protected] 22 points 1 month ago (2 children)

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.

[–] [email protected] 10 points 1 month ago* (last edited 1 month 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

[–] [email protected] 4 points 1 month ago (1 children)

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.

[–] [email protected] 12 points 1 month ago* (last edited 1 month ago) (2 children)

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.

[–] [email protected] 10 points 1 month ago (1 children)

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"

[–] [email protected] 5 points 1 month 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

[–] [email protected] 1 points 1 month ago

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

[–] [email protected] 19 points 1 month ago* (last edited 1 month ago) (12 children)

Passive income is a type of unearned income

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

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