For most people, passive income is a bit of extra pocket change that requires minimal effort to earn to supplement a main source of income. For Steve Ballmer, it’s $1 billion.
ITT: a bunch of people who don’t understand how dividends work on stock ownership. He’s not collecting a salary, Microsoft is not actively paying him, he’s just an investor who owns a shit ton of stock.
Rape already exists. Based on your reasoning here, anyone who says rape shouldn’t exist ‘already lost.’ So I guess we should get rid of those anti-rape laws, right?
It is supposed to be a tool that allows people to support promising ventures that they believe in, and allows them to profit from the venture if it is successful.
Instead it’s a race to the bottom, where companies have a feduciary duty to their investors to make them as much profit as possible. This is the ultimate driver of enshittification.
Adam Smith was a smart guy, but he never saw Milton Friedman coming.
ITT: a bunch of people who don’t understand how dividends work on stock ownership. He’s not collecting a salary, Microsoft is not actively paying him, he’s just an investor who owns a shit ton of stock.
Or, a bunch of people who are over the inequality in our world regardless of how the person comes by the money.
I don’t care if Microsoft pays him a salary or not, hoarding that much wealth is a mental illness that can only be cured by a guillotine
Do you prescribe this medicine to all mental illness?
No, just the specific hoarding of more wealth than you could ever possibly spend.
Billionaires don’t want to work anymore.
Somebody should’ve just told Marx about the difference between salary and capital ownership!
Removed by mod
Seriously, they should be taxed when stockpiled and sitting idle. 1% per stock, per current price, per quarter.
No need, they exist and you’ve already lost…
Rape already exists. Based on your reasoning here, anyone who says rape shouldn’t exist ‘already lost.’ So I guess we should get rid of those anti-rape laws, right?
So you’re saying he’ll be making a billion dollars a year for doing nothing?
Income is income, and billionaires already have too much of it. Not everyone enjoys taking it rough from corporate America.
The only people who should have stake in a company are those who work there.
Wait… But then the stock would be virtually worthless…
Isn’t that the “doing nothing” part of the title?
The stock market is perverse.
It is supposed to be a tool that allows people to support promising ventures that they believe in, and allows them to profit from the venture if it is successful.
Instead it’s a race to the bottom, where companies have a feduciary duty to their investors to make them as much profit as possible. This is the ultimate driver of enshittification.
Adam Smith was a smart guy, but he never saw Milton Friedman coming.