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What do you mean passive income isn't earned? Isn't someone's pension earned? What about VC's? PG? Isn't PG earning his keep or is he just sucking blood out of

• hackinthebochs 16y ago
  A pension is more deferred income than anything, so it isn't passive. I don't know the details of how PG gets the money he invests, but for what he does there isn't a requirement that he have millions to begin with. He could simply be manager of a fund. And whether he's earning his keep or sucking blood depends more on the specific arrangements. If PG's terms were that he collect 100% of the profits of successful companies, while paying people a flat rate, then yes he would be 'sucking blood from the productive masses'. Yet, this is essentially what happens in most other spheres. Those who own the means of production let those on the bottom use their "property" while keeping the ever-increasing profits to themselves. Yes, everyones quality of life increases, but at a radically disproportionate rate. At this point the income is passive and there should be a line where you're not entitled to any more of it.