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View Diary: Future of Work, Unions? Let’s Talk. (167 comments)

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  •  I don't think any of that addresses the question (0+ / 0-)

    at the base of this. You may have earned the money that you bought something with, but that doesn't mean that you have to earn the money. Most of the wealthiest people don't. There's no difference between money earned and money obtained in other ways, it's all the same stuff. So even if you're making other money from money you've earned it still isn't earned in any real sense. I don't earn the interest on my bank account, if I had enough money to, I get interest based on a contract. I don't do anything for that interest except to have money, no matter how I got that money.

    If I work at my job and save my money and then buy a fixerup home, fix it up (unsalaried work) and then rent it out are you suggesting the rental income is not earned?  After all, I had to work to fix up the home.  What about the portion of the rent I could have gotten without fixing up the place?  Is that earned?
    No, the rental income isn't earned. You would get the same amount of money if you payed someone else to fix it up. Your use of the term sweat equity I think shows how that's the case. It's an investment. Investments aren't earning, they're something different. Not that they're necessarily bad, but they're different.

    If debt were a moral issue then, lacking morals, corporations could never be in debt.

    by AoT on Tue May 07, 2013 at 10:39:01 AM PDT

    [ Parent ]

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