You’re heart is in the right place, but your conclusion is wrong. It’s entirely possible to build a passive income without involving anyone else’s labor. Without even getting into things like investment income, which I’m assuming you’ll still attribute to someone else’s labor in the most abstract sense, there are still plenty of ways to do this. I personally lived off mostly passive income for several years when blogging was big. I created a bunch of blogs myself, did all of the development and design myself, managed the servers myself, and wrote all of the content myself. Then I put a few non-intrusive ads on the sites. When they started generating pretty good money, I mostly stopped working on them. They continued generating decent money until social media killed blogging. I still have one of them, and I receive around $60 per month from it despite the fact that I haven’t touched it in over a decade. So, how exactly was/am I stealing someone else’s labor?
I created a bunch of blogs myself, did all of the development and design myself, managed the servers myself, and wrote all of the content myself.
Sure sounds like labour to me.
And there is no requirement for labour to generate income immediately. A majority of labour is front-loaded, with income being back-loaded.
I still have one of them, and I receive around $60 per month from it despite the fact that I haven’t touched it in over a decade.
Server maintenance and updating code to work with current releases is still “labour”. Because sure as shit you’ve been doing these things… no hosting provider is going to let you go 10 years with zero updates or patches to the website or the underlying framework that allows the website to run. Because failing to do that is how entire hosting platforms get rooted and infected with malware.
Yes, my labor, which resulted in passive income. Nobody is saying that passive income is a magical thing which you just acquire without effort. You invest the effort, and then you sit back and reap the rewards.
“Passive income” if you describe yourself as having a passive income, I want nothing to do with you.
Passive income is a myth - all income requires labor… if you’re getting income without putting in labor then you’re stealing someone else’s income.
Do you have a 401k?
You’re heart is in the right place, but your conclusion is wrong. It’s entirely possible to build a passive income without involving anyone else’s labor. Without even getting into things like investment income, which I’m assuming you’ll still attribute to someone else’s labor in the most abstract sense, there are still plenty of ways to do this. I personally lived off mostly passive income for several years when blogging was big. I created a bunch of blogs myself, did all of the development and design myself, managed the servers myself, and wrote all of the content myself. Then I put a few non-intrusive ads on the sites. When they started generating pretty good money, I mostly stopped working on them. They continued generating decent money until social media killed blogging. I still have one of them, and I receive around $60 per month from it despite the fact that I haven’t touched it in over a decade. So, how exactly was/am I stealing someone else’s labor?
Sure sounds like labour to me.
And there is no requirement for labour to generate income immediately. A majority of labour is front-loaded, with income being back-loaded.
Server maintenance and updating code to work with current releases is still “labour”. Because sure as shit you’ve been doing these things… no hosting provider is going to let you go 10 years with zero updates or patches to the website or the underlying framework that allows the website to run. Because failing to do that is how entire hosting platforms get rooted and infected with malware.
Yes, my labor, which resulted in passive income. Nobody is saying that passive income is a magical thing which you just acquire without effort. You invest the effort, and then you sit back and reap the rewards.