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At the risk of mowed over by the crowd, I want to propose not calling it income. It's welfare. In no way should we equate it to result of someone's work.
by negamax 13y ago
At the risk of mowed over by the crowd, I want to propose not calling it income. It's welfare. In no way should we equate it to result of someone's work.
- eropple 13y ago"Income" has nothing to do with work, but rather a sum total of all consumption and savings opportunity for an entity over time. This is basic economic terminology, which is why it's...you know...actually used here. But don't worry! Your just-world rhetoric (wrapped, no less, in a pseudo-controversial, woe-is-me-I'm-going-to-get-downvoted "stand", aren't we noble) is noted.
- jhaglund 13y agoDo we call money made from investments or inheritance Welfare? In a post agrarian society, work and income are not related.