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>...doing nothing This is unfair. There is nothing wrong with passive income. Owning shares or bonds, or having a bank deposit is also "doing nothing" yet no o

>...doing nothing This is unfair. There is nothing wrong with passive income. Owning shares or bonds, or having a bank deposit is also "doing nothing" yet no one would blame anyone for it.

scambier 6y ago
Are you seriously comparing owning shares with taking advantage of the need to have a home to take ~30% of someone's monthly income?
- chii 6y ago
  they are very comparable. Owning shares in a company that takes money to provide essential services? That has been the model of capitalism - fee for service - for a long time, and it has worked. The service gets provided, at the right price that the market can bear ,and still produce a profit for those providing the service. The alternative is to not have that service provided at all!
  - effingwewt 6y ago
    Then please stop providing the service. If we had no landlords renting we would all own domiciles. So please, stop providing these 'services'
    - jimbob21 6y ago
      If we had no grocery stores we would all own farms. Please stop providing these services
      - snypher 6y ago
        In an ideal world.
bidirectional 6y ago
There's an entire political ideology which totally disagrees with you -- Georgism. Basically most of capitalism is fine, shares, bonds etc. but natural monopolies and value derived from land are not the same thing and must be treated specially. There's one very pithy way of expressing this which goes back to Adam Smith -- taxes on land do not cause economic inefficiencies in the same manner as other taxes.
effie 6y ago
> There is nothing wrong with passive income. Owning shares or bonds, or having a bank deposit is also "doing nothing" yet no one would blame anyone for it. The wrong part is that having passive income of that kind is a privilege that only few can reach, and it works by squeezing the rest. It isn't possible for everybody to have such passive income.
m463 5y ago
As long as you pay for maintenance and don't raise the rent, it seems like it would be the same as an investment.

>...doing nothing This is unfair. There is nothing wrong with passive income. Owning shares or bonds, or having a bank deposit is also "doing nothing" yet no one would blame anyone for it.

scambier 6y ago

Are you seriously comparing owning shares with taking advantage of the need to have a home to take ~30% of someone's monthly income?

chii 6y ago
they are very comparable. Owning shares in a company that takes money to provide essential services? That has been the model of capitalism - fee for service - for a long time, and it has worked. The service gets provided, at the right price that the market can bear ,and still produce a profit for those providing the service. The alternative is to not have that service provided at all!
- effingwewt 6y ago
  Then please stop providing the service. If we had no landlords renting we would all own domiciles. So please, stop providing these 'services'
  - jimbob21 6y ago
    If we had no grocery stores we would all own farms. Please stop providing these services
    - snypher 6y ago
      In an ideal world.

bidirectional 6y ago

There's an entire political ideology which totally disagrees with you -- Georgism. Basically most of capitalism is fine, shares, bonds etc. but natural monopolies and value derived from land are not the same thing and must be treated specially. There's one very pithy way of expressing this which goes back to Adam Smith -- taxes on land do not cause economic inefficiencies in the same manner as other taxes.

effie 6y ago

> There is nothing wrong with passive income. Owning shares or bonds, or having a bank deposit is also "doing nothing" yet no one would blame anyone for it. The wrong part is that having passive income of that kind is a privilege that only few can reach, and it works by squeezing the rest. It isn't possible for everybody to have such passive income.

m463 5y ago

As long as you pay for maintenance and don't raise the rent, it seems like it would be the same as an investment.