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 3 months 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 3 months 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 3 months ago (1 children)

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

[–] [email protected] 31 points 3 months 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 3 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?"

[–] [email protected] 16 points 3 months ago* (last edited 3 months ago)

But what if they hire a management company

[–] [email protected] 29 points 3 months 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 3 months 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 3 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

[–] [email protected] 11 points 3 months 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 3 months 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 3 months ago* (last edited 3 months ago)

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

[–] [email protected] 7 points 3 months 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 3 months ago

You’ll probably enjoy Gotfield.

garf-chan?

[–] [email protected] 51 points 3 months 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 3 months 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 3 months ago (1 children)

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

[–] [email protected] 20 points 3 months ago

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

[–] [email protected] 12 points 3 months ago

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

[–] [email protected] 15 points 3 months ago (1 children)

The original capitalists also detested landlords and rent lol

[–] [email protected] 9 points 3 months ago

markets ≠ capitalism

[–] [email protected] 39 points 3 months 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 3 months 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 3 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.

[–] [email protected] 10 points 3 months ago

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

[–] [email protected] 30 points 3 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.

[–] [email protected] 22 points 3 months ago

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

mao-aggro-shining

[–] [email protected] 19 points 3 months 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 3 months ago (1 children)

they pass my sive until i income

[–] [email protected] 8 points 3 months ago

owning things is not a job

[–] [email protected] 3 points 3 months ago* (last edited 3 months 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 3 months 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 3 months ago* (last edited 3 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

[–] [email protected] 4 points 3 months 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 3 months ago* (last edited 3 months 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 3 months 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 3 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

[–] [email protected] 1 points 3 months 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 3 months ago* (last edited 3 months 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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