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The royalties an artist receives are a form of passive income. Beyonce had to work to create an asset (her music), but when she's done with a recording the inco
by mrfredward 7y ago
The royalties an artist receives are a form of passive income. Beyonce had to work to create an asset (her music), but when she's done with a recording the income comes from controlling the asset, not directly from her labor. It's really not that much different to owning a business. She's still capturing an outsize portion of the value from a process that involves thousands of other people.
Wealthy musicians are still capitalists, and getting rich running a business that employs thousands should be as respectable as singing, if not more so.