I’d argue the allowance of passive shareholders is what causes the biggest problems. Shares of profits should go to active employees only, unless they’ve fulfilled the requirements of a pension, not entities that intend to collect capital while contributing no labor towards the products/services generating the profit.
Passive income should only be hard earned. The only passive income that should be legal should be after 20+ of laboring/supporting the means by which those profits were generated, so it cannot be gamed.
Not some random assholes with chips from their last trip to the exploitation, insider info casino. People have to earn a living, it’s perfectly reasonable to DEMAND skin in the game in order to make money.
This doesn’t address the core issue of capitalism:
Owners in general (of businesses, housing, everything) get all the money, thanks to the opportunity to mercilessly take advantage of workers/renters/everyone else. And taking advantage gets you more money to take more advantage of people.
The passivest of incomes goes to the owners, the ceos are just the highest paid guard dogs of those people.
Is that ok? Passive income being much harder to earn for everyone, unless you are rich enough to start your own business, that is.
Are we not going to end up in the same situation? Isn’t it basically the same situation we’re already in?
Shares of profits should go to active employees only, unless they’ve fulfilled the requirements of a pension, not entities that intend to collect capital while contributing no labor towards the products/services generating the profit.
So if my nephew wants to borrow $5k from me to start a business, I shouldn’t be allowed to lend it to him?
Keep in mind that all of these restrictions result in consenting adults being prevented from entering the economic arrangements they want to enter into.
All capitalism is crony capitalism
I’d argue the allowance of passive shareholders is what causes the biggest problems. Shares of profits should go to active employees only, unless they’ve fulfilled the requirements of a pension, not entities that intend to collect capital while contributing no labor towards the products/services generating the profit.
Passive income should only be hard earned. The only passive income that should be legal should be after 20+ of laboring/supporting the means by which those profits were generated, so it cannot be gamed.
Not some random assholes with chips from their last trip to the exploitation, insider info casino. People have to earn a living, it’s perfectly reasonable to DEMAND skin in the game in order to make money.
This doesn’t address the core issue of capitalism:
Owners in general (of businesses, housing, everything) get all the money, thanks to the opportunity to mercilessly take advantage of workers/renters/everyone else. And taking advantage gets you more money to take more advantage of people.
The passivest of incomes goes to the owners, the ceos are just the highest paid guard dogs of those people.
Is that ok? Passive income being much harder to earn for everyone, unless you are rich enough to start your own business, that is.
Are we not going to end up in the same situation? Isn’t it basically the same situation we’re already in?
So if my nephew wants to borrow $5k from me to start a business, I shouldn’t be allowed to lend it to him?
Keep in mind that all of these restrictions result in consenting adults being prevented from entering the economic arrangements they want to enter into.