Re:Actors take to the internet to show their residual checks...
by gruez on Saturday July 29, 2023 @09:37PM
(#36926829)
>doesn't it seem somewhat arbitrary, inconsistent, bizarre to be ok with capitalists having perpetual income from their products while ridiculing labor (the "snarky shots fired at you") for wanting perpetual income from their products too
I used the dichotomy of laborers vs capital owners to contrast the two roles and make things easier to discuss. In real life many "employees" are both laborers (ie. getting paid a lump sum for their time) as well as capital owners (because of the equity that their company provides them). Even for jobs that don't provide any equity, anyone can become a member of "the owning class" for as little as $1[1].
>Well, "injustice" aside, doesn't it seem somewhat arbitrary, inconsistent, bizarre to be ok with capitalists having perpetual income from their products while ridiculing labor (the "snarky shots fired at you") for wanting perpetual income from their products too?
I never claimed that labor shouldn't have a perpetual income stream, just that they aren't entitled to one. Capital also isn't entitled to a perpetual income stream either. Bonds are an example.
I used the dichotomy of laborers vs capital owners to contrast the two roles and make things easier to discuss. In real life many "employees" are both laborers (ie. getting paid a lump sum for their time) as well as capital owners (because of the equity that their company provides them). Even for jobs that don't provide any equity, anyone can become a member of "the owning class" for as little as $1[1].
>Well, "injustice" aside, doesn't it seem somewhat arbitrary, inconsistent, bizarre to be ok with capitalists having perpetual income from their products while ridiculing labor (the "snarky shots fired at you") for wanting perpetual income from their products too?
I never claimed that labor shouldn't have a perpetual income stream, just that they aren't entitled to one. Capital also isn't entitled to a perpetual income stream either. Bonds are an example.
[1] https://learn.robinhood.com/articles/how-to-start-investing-...