Passive income. If value is being created and you’re being presented some of it without doing any work it necessarily means that someone else isn’t receiving the full value of the work they’re doing.
Even 15 years is a lot of money for something you most likely spent under 6 months creating. Of course, we could always have a detailed system and not just one flat time frame.
I think people overestimate how much the average creator can get from their work over time. They need to keep creating to maintain a livable income. Also, 28 years is a good number because it prevents mega corporations from stealing from small creators. Imagine if some novel series becomes a big hit, but Disney or Warner Brothers could just adapt it whenever they pleased without paying the author.
But how should a singer who produces an album, or an author who writes a book, or whatever be compensated? Its popularity isn’t really known until after it’s published, it’s not really fair for a damn good writer to get paid the same as someone who produces slop.
No no no. I gave them CULTURE! A wonderful work culture.
And security! Sure, not the security I decided I need for myself, and it’s only really present as long as they’re profitable to me, but security nonetheless.
After all, I had the idea and stuck my neck out to secure the financing, which is far more important than the actual daily labor that keeps things running.
Even if the assets aren’t people, not squeezing value is required to maintain some fun and life as well as long term sustainability. If you squeeze it, you might squeeze it dry. I hate all the adverts everywhere. Can I just go somewhere to save my eyes…
Passive income. If value is being created and you’re being presented some of it without doing any work it necessarily means that someone else isn’t receiving the full value of the work they’re doing.
subset of capitalism
Absolutely
In most cases I agree with you, but what about a musician who makes passive income off of people streaming their music, or people who buy my fonts?
Cap it at the original 28 years after creation. The current 70 years after the creator’s death is ridiculous.
Even 15 years is a lot of money for something you most likely spent under 6 months creating. Of course, we could always have a detailed system and not just one flat time frame.
I think people overestimate how much the average creator can get from their work over time. They need to keep creating to maintain a livable income. Also, 28 years is a good number because it prevents mega corporations from stealing from small creators. Imagine if some novel series becomes a big hit, but Disney or Warner Brothers could just adapt it whenever they pleased without paying the author.
Why should you be paid in perpetuity for work you did once? I’d love it if someone paid me residules for the work I did today making widgets.
But how should a singer who produces an album, or an author who writes a book, or whatever be compensated? Its popularity isn’t really known until after it’s published, it’s not really fair for a damn good writer to get paid the same as someone who produces slop.
Not passive income, they did the work of creating the music or the font
Doesent all passive income require some upfront work outside of investing?
No, that’s what makes it passive. Having money isn’t a job, investing isn’t work it’s gambling and extremely rigged.
If you inherit/“born rich” I don’t think so…
Or you’re squeezing all the value and more out of the asset and users, while increasing externalities
Sounds cool til you realize the assets being squeezed are mostly just other people
No no no. I gave them CULTURE! A wonderful work culture.
And security! Sure, not the security I decided I need for myself, and it’s only really present as long as they’re profitable to me, but security nonetheless.
After all, I had the idea and stuck my neck out to secure the financing, which is far more important than the actual daily labor that keeps things running.
We’re like a family, see.
Even if the assets aren’t people, not squeezing value is required to maintain some fun and life as well as long term sustainability. If you squeeze it, you might squeeze it dry. I hate all the adverts everywhere. Can I just go somewhere to save my eyes…